US extends Venezuela trading ban to sovereign bonds

Oliver West

February 03, 2019 12:15 am

Nicolas Maduro — Venezuela's President Nicolas Maduro holds up a small copy on the constitution during a meeting with leaders of the opposition at Miraflores presidential palace in Caracas, Venezuela, Thursday, April 10, 2014. Maduro's opponents blame his government for destroying the oil-rich economy and stamping out dissent. Meanwhile Maduro claims he's the target of U.S.-backed coup attempt. (AP Photo/Fernando Llano) | Fernando Llano/AP/Press Association Images

Investor hopes that the US Office of Foreign Assets Control (OFAC) would retract a ban on US persons buying PDVSA debt were dashed on Friday, when the department made the situation worse for bondholders by adding Venezuelan sovereign bonds to the trading ban.

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Topics

Regulation Venezuela EM People and Markets Americas LatAm Bonds Emerging Markets LatAm People and Markets Latin America

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Oliver West

US Bureau Chief - Latin America Editor