Investors ask US government to lift collateral restrictions on PDVSA bonds

Investors ask US government to lift collateral restrictions on PDVSA bonds

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Energy Regulation Politics Venezuela US

Holders of bonds from Venezuela's state-owned oil company PDVSA have asked the US government to lift restrictions that stop them from claiming shares in the US refiner and distributor Citgo as collateral.On October 24, less than a week before PDVSA missed a $913 million interest payment on its 2020 bonds, the US government said bondholders could not claim shares in Citgo before January 22. According to the bondholders, the 90-day moratorium was meant to give PDVSA time to arrange a late payment

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial