The Traderszone Network

Published in TZ Latest News 21 November, 2016 by The TZ Newswire Staff

Venezuela’s State-Owned Oil Company Misses Bond Coupon Payments Due To "Glitch", Bonds Tumble

Just a month after dodging a default bullet thanks to a last-minute bond swap, Venezuela’s state-owned oil company PDVSA missed coupon payments due on its bonds, according to JPMorgan. However, PDVSA president Del Pino raged on Twitter that “the information about a PDVSA default spread by the enemies of the fatherland is totally false,” but the bonds saw prices tumble despite his statement.

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