PDVSA promises principal payment but delays coupons

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PDVSA promises principal payment but delays coupons

Oliver West
October 30, 2017 04:30 am
PDVSA, Venezuela, refinery, Latam
An oil tank in the Isla refinery - once the largest in the world and now considered the most environmentally harmful - on the island of Curacao in Willemstad, Netherlands, 09 August 2016. The site is outdated and many children in the region suffer from asthma from the emissions. Located on the Caribbean island of Curacao is the world's once largest refinery - completely ramshackle, operated by the Venezuelan oil company PDVSA. All the regulatory limits in the former Dutch colony are being severely exceeded, which is harming the important tourism industry. Photo: ANDREAS NOETHEN/dpa | Andreas Nöthen/DPA/PA Images

Market analysts are confident that Venezuela's PDVSA can make imminent debt payments, but there is little consensus beyond that after the oil company waited until the last possible moment to release funds for a principal payment on Friday.

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VenezuelaAmericasLatAm BondsEmerging MarketsLatAmLatin America
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Oliver West
US Bureau Chief - Latin America Editor
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