Gramercy Says Venezuela Saga to Be Worse Than Argentina’s – Bloomberg – 06/11/2017

Of the many sovereign bonds restructurings Robert Koenigsberger has witnessed in his three decades in the business, none will come close to Venezuela, he says.

Source:  Bloomberg, 2017/11/06

By |November 9th, 2017|Categories: News|Tags: , , |

Venezuelan bond prices jump on report state oil giant has approved make-or-break debt payment – CNBC – 24/10/2017

Venezuela's state oil giant has made good on two missed debt payments and has approved funds for a critical $984 million payment due on Friday, Ecoanalitica reported Bond prices jumped on the report, analysts said. Venezuela has missed nearly $600 million in interest payments this month and faces another major bond deadline on Nov. 2.

Source: [...]

By |October 27th, 2017|Categories: News|Tags: , , |

Venezuela Said to Be Late on $185 Million Sovereign Bond Payment – Bloomberg – 20/09/2017

Venezuela, one of the world’s riskiest countries for investors, is late on a debt payment. The intermediaries tasked with passing along interest payments for the cash-strapped nation haven’t received the funds for an $185 million coupon that was due Sept. 15, according to people with knowledge of the matter. Investors interviewed by Bloomberg say they [...]

By |October 12th, 2017|Categories: News|Tags: , , |

Venezuela: Profit in Bonds, Despite Default Risk – Barron’s – 04/10/2017

With the risk that Venezuela's cash-strapped government could default on debt payments, and U.S. government sanctions restricting bond investment in Venezuela, Nomura Securities offered advice Wednesday on what government and state oil company bonds remain attractive.

Source:  Barron's, 04/10/2017

By |October 5th, 2017|Categories: News|Tags: , , |

Venezuela Stops Accepting Dollars for Oil Payments Following U.S. Sanctions – Fox Business – 13/09/2017

The government of this oil-rich but struggling country, looking for ways to circumvent U.S. sanctions, is telling oil traders that it will no longer receive or send payments in dollars, people familiar with the new policy have told The Wall Street Journal.

Source:  Fox Business, 13/09/2017

By |September 14th, 2017|Categories: News|Tags: , , |

IMF should expel Venezuela – FT – 30/08/2017

The free world should make a concerted effort to bring down the oil-based autocratic regime of President Nicolas Maduro in Venezuela. The way to make international pressure effective is to expel the country from the International Monetary Fund, which would spark a sovereign and quasi-sovereign debt default, making the regime ultimately unsustainable.

Source:  FT, 2017/08/30

By |August 31st, 2017|Categories: News|Tags: , , |

Lucky Investors and Venezuelan Bonds – Bloomberg – 24/07/2017

Also the London Whale, a Wells Fargo leak, unicorns, stock buybacks and white rhinos.

Source:  Bloomberg, 2017/07/24

By |July 27th, 2017|Categories: News|Tags: , , |

S&P cuts Venezuela’s debt ratings, sees risk of default – Daily Sabah – 13/07/2017

S&P Global Ratings said yesterday it has lowered Venezuela's sovereign debt ratings, warning of the risk of default as economic conditions in the oil-rich country worsen and political tensions rise.

Source:  Daily Sabah, 2017/07/13

By |July 13th, 2017|Categories: News|Tags: , , |

Cuba Scrambles As Venezuela’s Oil Industry Collapses – – 14/06/2017

As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is no longer able to produce enough oil to sustain its own economy, much less those of other countries. Cuba is frantically drilling in search for [...]

By |June 15th, 2017|Categories: News|Tags: , , , |

Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase – Guardian – 30/05/2017

Opposition attacks bank for backing Nicolás Maduro’s ‘dictatorial regime’ as it makes ‘a quick buck off the suffering of the Venezuelan people’

Source:  Guardian, 2017/05/30

By |June 1st, 2017|Categories: News|Tags: , , |