pdvsa 2020 bond - EAS
- Venezuelan state oil company PDVSA put up a majority stake in the parent company of Citgo as collateral for its bond that matured in 2020, meaning bondholders could seek those shares as repayment in the event of default. PDVSA missed a payment in 2019 in the wake of U.S. sanctions on the company.
www.reuters.com/business/energy/us-extends-protection-citgo-creditors-throug… Holders of the PDVSA 8.5% Bond Need OFAC’s License - Diaz …
https://diazreus.com/holders-of-the-pdvsa-8-5-bond-need-ofacs-licenseApr 21, 2020 · Percent Bond on or After April 22, 2020” until July 22, 2020. Accordingly, all transactions related to, the provision of financing for, and other dealings in the Petroleos de Venezuela S.A. (“PDVSA”) 2020 8.5% Bond (the “8.5% Bond”) otherwise prohibited under …
- Estimated Reading Time: 5 mins
Explore further
- https://www.ft.com/content/4bf25c4f-e935-4ad3-b276...
Nov 18, 2019 · First, the PDVSA 2020 transaction did not raise any new funding for the Maduro regime to misuse; it merely refinanced large …
- Estimated Reading Time: 7 mins
OFAC Gives Guidance to Owners of PDVSA 2020 Bonds
fcpamericas.com/...guidance-owners-pdvsa-2020-bondsAug 3, 2018 · In the Fall of 2016, Venezuela’s state oil company, Petroleos de Venezuela, S.A. (PDVSA), attempted to ease its short-term debt payment crunch by offering to swap $7.1 billion …
- Estimated Reading Time: 6 mins
- https://www.nasdaq.com/articles/major-pdvsa-2020...
Oct 10, 2019 · NEW YORK, Oct 10 (IFR) - One of the largest holders of the 2020 bond issued by Venezuelan oil company PDVSA is bracing for a possible default later this month on what is …
Venezuela's PDVSA offers 2020 bond swap, with 8.5 pct coupon
https://finance.yahoo.com/news/venezuelas-pdvsa...Sep 16, 2016 · CARACAS, Sept 16 (Reuters) - Venezuela's state oil company PDVSA launched on Friday an offer to swap up to $7.1 billion of debt maturing next year for a new 2020 bond …
- Estimated Reading Time: 4 mins
- https://www.nasdaq.com/articles/pdvsa-and-2020...
Nov 18, 2019 · NEW YORK, Nov 18 (IFR) - Venezuelan oil firm PDVSA and the trustee for its 2020 bond have reached a forbearance agreement on the seizure of Citgo shares that back …
U.S. judge rules PDVSA's 2020 bonds are valid, Citgo still protected
https://www.reuters.com/article/venezuela-debt-idUSKBN272034Oct 16, 2020 · CARACAS (Reuters) - A U.S. judge on Friday ruled that Venezuelan state oil company Petroleos de Venezuela’s [PDVSA.UL] 2020 bonds are “valid and enforceable,” a …
UPDATE 1-Investors receiving payment on PDVSA 2020 bond
https://www.reuters.com/article/venezuela-bonds-idUSL2N1XA0ZEOct 30, 2018 · Venezuelan and PDVSA are behind on bond payments by some $8 billion. The government of President Nicolas Maduro blames the problem on U.S. financial sanctions …
- https://venezuelanalysis.com/news/14695
Oct 17, 2019 · Non-payment could mean the loss of Venezuelan state oil company PDVSA’s US subsidiary, CITGO, the majority of whose shares are pledged as collateral on the 2020 notes. The opposition, …
- https://www.forbes.com/sites/kenrapoza/2019/02/11/...
Feb 11, 2019 · Washington has put the brakes on the secondary market for PDVSA bonds. The Treasury Department issued an amendment to trade rules under the Venezuelan sanctions regime on Monday, …
