Venezuela bonds stable as US sanctions hit

Jorge Arreaza, Venezuela, foreign minister, LatAm
By Oliver West
31 Aug 2017

Prices in Venezuela and PDVSA bonds remained stable in the secondary markets this week, despite US sanctions on new debt issuance, as bondholders appear none the wiser as to the next step in the country’s economic crisis.

US president Donald Trump’s executive order banning US citizens and institutions from dealing in new Venezuelan debt had little effect on the opinion of most bond investors as to when the country might default.

“We still ...

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