Market Awaits Venezuela's Delayed Debt Issuance

Market Awaits Venezuela's Delayed Debt Issuance

Venezuela Bonds

Venezuela’s delayed foreign debt issuance this year has left many in the market expecting a large bulk sale sometime before the October presidential elections. Barclays capital expects the country to issue dollar-denominated instruments sometime during the second quarter, especially now that President Hugo Chavez issued a public decree eliminating the government debt ceiling for the year. “We see increasing pressures to issue in the coming months, particularly from the exchange market and after

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