PDVSA's 2020 bonds ruled valid by US court

PDVSA's 2020 bonds ruled valid by US court

Bonds Debt Corporate & Sovereign Strategy Fixed Income Funds Capital Markets Energy Venezuela Latin America

A US District Court Judge on Friday ruled that Venezuela's state-owned oil company's defaulted debt due in 2020 was in fact "valid and enforceable," meaning investors, if not blocked by current US government sanctions on the country, could seek their money back. US District Judge for the Southern District of New York Katherine Polk Failla issued an opinion and order stating that the defaulted debt issued by state-owned oil company PDVSA was valid and that investors have the right to seek redress

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