(Reuters) - A meeting of Venezuelan bondholders on Thursday to discuss how to handle the government’s request to restructure $60 billion in outstanding bonds has yielded no clear strategy, sources with direct knowledge of the meeting told Reuters on Friday.
The meeting in London, organized by UK-based hedge fund MacroSynergy Partners, was attended by about 60 creditors in person and 40 who listened in over the phone, the sources said.
The group represents an estimated 75 to 80 percent of the institutions that hold debt from cash-strapped Venezuela and its state-run oil company, PDVSA.
Attendees said the consensus was that it was too early to form an official committee since the country has continued paying its debt, even while missing some deadlines.