Juan Guaido’s Team Signals It May Default on PDVSA Bond Backed by Citgo | Bloomberg

by Faiz Ahmed last modified 2019-08-07T08:59:49-04:00
"Since Venezuelan President Nicolas Maduro called for a debt restructuring in November 2017, the nation has defaulted on every bond except the PDVSA 2020 notes. That’s because of the strong desire -- both from Maduro’s and Guaido’s advisers -- to prevent Houston-based Citgo from falling under creditor control. But the executive order gave Guaido’s team what it had been privately requesting for months: a mechanism to shield Citgo from lenders and focus on funding humanitarian aid."
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