Latest news with #VenezuelanBonds
Bloomberg
5 days ago
- Business
- Bloomberg
Venezuela Bonds Get Mild Boost as Prisoner Swap Sparks Optimism
The usually idle market for Venezuelan bonds got a jolt this week after a high-profile prisoner exchange between the US and the South American oil nation reignited hopes of broader political negotiations. The country's sovereign notes, in default for years, advanced across the curve after a deal to release 250 Venezuelans jailed in El Salvador in exchange for 10 American citizens was confirmed last Friday. Caracas later said that it would discharge a total of 80 people, including a former opposition lawmaker.
Bloomberg
07-07-2025
- Business
- Bloomberg
Venezuela Bondholders Seek to Block Gold Reserve's Bid for Citgo
Holders of some defaulted Venezuelan bonds are seeking to block a bid to purchase Citgo Petroleum Corp. 's parent company, as they claim the transaction would strip them of their rights for payment. The group told a Manhattan federal judge in a letter they are prepared to request a preliminary injunction 'promptly' against a $7.4 billion offer from a consortium led by Gold Reserve Ltd. to buy PDV Holding, Citgo's parent, in a court-ordered auction in Delaware.
