Venezuela's bondholders retain counsel

Venezuela's bondholders retain counsel

Debt Bonds Corporate & Sovereign Strategy Capital Markets Economy & Policy Venezuela

The Venezuela Creditors Committee has retained the US law firm Cleary Gottlieb, making a move to receive overdue debt payments from the Venezuelan government and the state-owned businesses PDVSA and Elecar. Venezuela, PDVSA and Elecar together owe approximately $9bn in payments from $62bn in outstanding bonds, the committee's financial advisor, Guggenheim Partners, said in a statement.  President Nicolás Maduro, however, told journalists on Monday that Venezuela has pushed ahead with "successful

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