Venezuela has begun restructuring a debt of well over $150 billion, hiring a top adviser and sending its bonds soaring as Wall Street circles its market.
Venezuela · Markets
Key Facts
—The move. Venezuela has launched a restructuring of its enormous debt.
—The size. Analysts put the total at well over $150 billion.
—The adviser. It has hired the boutique bank Centerview to lead the deal.
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VENEZUELA · Sovereign Debt Key Facts —A formal launch. Venezuela began a formal restructuring of the external debt of the state…
Centerview Partners has been appointed to advise Venezuela on restructuring $150-170 billion in defaulted sovereign and PDVSA…
Analysts estimate that Venezuela's total external debt, including PDVSA obligations, bilateral loans and arbitration awards stand…
VENEZUELA · Sovereign Debt Key Facts —The pile: Venezuela's defaulted debt totals at least $150 billion, including sovereign…
Investors are betting that a political transition along with a clearer path to asset recovery could unlock value that has been…
Venezuelan officials said they wanted to “free the country from the burden of accumulated debt.”
