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VENEZUELA · Sovereign Debt
Key Facts
Venezuela Risks a Rushed Debt Deal Worse Than the Default
VENEZUELA · Sovereign Debt Key Facts —The pile: Venezuela's defaulted debt totals at least $150 billion, including sovereign and PDVSA bonds, bilateral
TL;DRAI
Venezuela formalized restructuring of ~$150B in defaulted sovereign and PDVSA debt, with Centerview Partners as adviser and benchmark bonds at 43 cents on the dollar. Speed under a contested interim government risks embedding pro-creditor clauses that bind a successor and set a flawed template for future LatAm sovereign workouts.
865 words~4 min read
