Bondholders brace for Venezuelan default  

Bonds Debt Capital Markets

Venezuela is edging closer to default on its foreign debt as vulture funds snap up the country’s bonds and push an acceleration clause for missed coupon payments

Fitch downgrades Citgo

Economy & Policy Corporate & Sovereign Strategy Venezuela

Venezuela's contagion effect forces rating agency to cut the state's US-based service station provider to CCC from B-

Investors snub Venezuela "Petro" talk

Economy & Policy Venezuela

President Maduro plots cryptocurrency instrument to combat US sanctions, but bond buyers say it will have little impact on the country's hyperinflation

CAF revisits Kangaroo market with 2027 top-up

Debt Capital Markets Bonds

Regional development bank returns to the Aussie dollar market for a $57m reopening

Quevedo takes charge at PDVSA

People Venezuela

President Nicolas Maduro appoints former National Guard officer to lead Venezuela's state-run oil company

ISDA rules Venezuela, PDVSA default on payments

Debt Capital Markets Bonds

Securities association says actions do not activate the CDSs on the sovereign or its oil company's bonds because both have made partial payments

Russia throws Venezuela lifeline with restructuring talks

Capital Markets Debt Venezuela

Both governments agree to restructure $3.15bn of debt owed by the LatAm oil-exporting sovereign

Venezuelan duo cut to default following sovereign action

Capital Markets Debt Venezuela

Both PDVSA and Corpoelec enter restricted default territory on the back of delayed bond payments

Venezuela notes plunge on missed payment

Debt Capital Markets Bonds

Oil-exporting sovereign fails to make $200m 2019, 2024 coupon payment within assigned grace period

Bondholders left with little after Caracas meetings

Debt Bonds Venezuela

Venezuela's planned talks with investors on Monday lasted just 40 minutes, sources say

Corpoelec defaults, PDVSA makes payment

Capital Markets Debt Venezuela

Venezuela's state-run power firm said to have defaulted on a 2018 bond commitment

Fitch downgrades Provincial de Reaseguros

Debt Fixed Income Venezuela

Venezuelan reinsurer gets bumped south a notch to C from CC after the sovereign issuer was cut last week

ISDA meets ahead of PDVSA decision

Debt Capital Markets Venezuela

Organization's discussion may trigger the credit default swaps on overdue Venezuelan bonds

PDVSA bondholders glean mixed results

Capital Markets Debt Bonds

Some noteholders receive payments from the Venezuelan oil giant, while others experience delays due to offshore payment processing from Singapore, sources say

PDVSA fails to pay investors, triggers more default talk

Capital Markets Debt Corporate & Sovereign Strategy

As of Tuesday, bondholders fail to see the $1.1bn due in their accounts, sources say