Titoli di Stato paesi-emergenti VENEZUELA e Petroleos de Venezuela - Cap. 2

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Departamento de Estado de EEUU paga casi $1 millón a expertos para que trabajen con la oposición en Venezuela

Pero los críticos ya lo ven como un esfuerzo del Departamento de Estado para entrenar a la oposición en un diálogo que socava el esfuerzo del presidente Donald Trump para obligar al presidente venezolano Nicolás Maduro a restaurar la democracia.

Read more here: Venezuela | el Nuevo Herald & elnuevoherald.com El Nuevo Herald



Cámara de Representantes aprueba ayuda humanitaria para venezolanos y más sanciones contra el chavismo

De ser ratificado, el proyecto de ley dinamizaría la actuación de la diplomacia estadounidense ante la crisis venezolana

Read more here: Venezuela | el Nuevo Herald & elnuevoherald.com El Nuevo Herald



Director de orquesta venezolano Gustavo Dudamel protagoniza comercial de Honda en EEUU

El famoso director de orquesta venezolano Gustavo Dudamel, quien se le rebeló al mandatario Nicolás Maduro, protagoniza el comercial de una de las marcas más reconocidas en el mercado de Estados Unidos

Read more here: Venezuela | el Nuevo Herald & elnuevoherald.com El Nuevo Herald



Pocos creen en Washington que el Petro de Maduro sea viable

Legisladores y expertos en Washington consideran el plan del presidente venezolano Nicolás Maduro de lanzar una criptodivisa nacional como una señal de la desesperación del régimen.

Read more here: Venezuela | el Nuevo Herald & elnuevoherald.com El Nuevo Herald



Rafael Ramírez, el rey petrolero de Chávez depuesto por Maduro

De amigo íntimo de Hugo Chávez, quien lo convirtió en todopoderoso jefe de la petrolera PDVSA, Rafael Ramírez -un revolucionario de gustos exquisitos- pasó a ser enemigo en la sombra de Nicolás Maduro, quien le puso la cruz.

Read more here: Venezuela | el Nuevo Herald & elnuevoherald.com El Nuevo Herald



Un sismo de magnitud 3,7 en la escala Richter sacude el oeste de Venezuela

Un sismo de magnitud 3,7 en la escala de Richter sacudió hoy la localidad de Santo Domingo en el occidental estado Mérida sin causar muertes ni daños de consideración, informó la Fundación Venezolana de Investigaciones Sismológicas (Funvisis).

Read more here: Venezuela | el Nuevo Herald & elnuevoherald.com El Nuevo Herald



Parlamento venezolano desconoce a Samuel Moncada como embajador ante la ONU

El Parlamento venezolano, el único poder en manos de la oposición, desconoció el jueves la designación de Samuel Moncada como nuevo embajador de su país ante la Organización de Naciones Unidas (ONU) por haberse “violentado el ordenamiento constitucional” de la nación caribeña.

Read more here: Venezuela | el Nuevo Herald & elnuevoherald.com El Nuevo Herald
 
Venezuela headed for standoff with citizen bondholders

08 December 2017 - 10:54 Brian Ellsworth and Corina Pons


A demonstrator carries homemade shields during clashes with riot security forces during a strike called to protest against Venezuelan President Nicolas Maduro's government in Caracas, Venezuela. File picture: REUTERS
Caracas — The prospect of a Venezuelan debt default triggering a clash between revolutionary socialists and foreign creditors has overshadowed an equally complicated dilemma facing the Opec nation: a standoff with its own citizens who are bondholders.

Though Venezuela’s junk bonds are popular among high-rolling Wall Street funds, they are also widely held by Venezuelans due to a decade-long Socialist Party policy of subsidising the purchase of foreign debt by individual investors.

Large Venezuelan businesses have also plowed significant resources into bonds to use the exorbitant yields to compensate for sharp declines in sales amid the implosion of the country’s socialist economic system.

The result is that any future debt negotiations will include Venezuelans ranging from wealthy individuals to humble retirees and college professors.

Many may be unwilling to accept the major losses implied by the restructuring that the country’s President Nicolas Maduro proposed last month, sending debt prices plunging.


Nicolas Maduro. Picture: REUTERS
The government could face intense lobbying from Venezuelan businesses and wealthy individuals as well as ballot-box-pressure from middle-class bondholders to protect their investments.

But without a large "haircut" to reduce the debt service Venezuela has to pay, the country will likely struggle to bring its economy out of recession.

"Venezuelan bond investors range from taxi drivers to large companies, and everything in the middle," said Victor Silva of local brokerage Kapital, which has intermediated the sale of paper issued by Venezuela and state oil company PDVSA.

"A lot of companies also got in to protect themselves from the depreciation of the currency. Even very orthodox companies who were never involved in capital markets started buying them as a means of hedging."

It is not immediately clear what percentage of the country’s $60bn in outstanding bonds are held by Venezuelan individuals.

New York-based Torino Capital estimates "resident holdings" of such debt at $14bn, though a significant portion of that is believed to be in the hands of state institutions.

The information ministry did not immediately respond to an e-mail seeking comment.

While Maduro’s government has said it wants to restructure Venezuela’s foreign debt, it has continued to make payments, at least so far.

Still, a number of the bonds are already in default because interest payments have been delayed beyond the established grace period. This has created nervousness among individual investors who depend on the interest payments to meet their living expenses, according to two brokers.

Cheap dollars, cheap bonds

Late Socialist leader Hugo Chavez, who in 2003 created Venezuela’s currency control system, for years encouraged the purchase of dollar-denominated bonds by allowing Venezuelans to buy them in local currency at a subsidised exchange rate.

Most individuals quickly flipped the notes to obtain dollars, but some held on to the bonds because they provided interest income in hard currency.

Several individuals and businesses contacted by Reuters confirmed they owned Venezuelan bonds but declined to be named, citing security risks associated with publicly discussing having dollar savings in a country where hard currency is scarce and kidnappings abundant.

One college professor who holds Venezuelan bonds noted that Chavez spoke about the "democratisation of capital", which encouraged people with little investment experience to buy the bonds.

Venezuelan debt has historically been seen as a high-risk investment for individuals with little financial experience. Due to increased concern about default, it is now seen as exceptionally risky even for investment professionals.

"When the bonds matured, people would reinvest them in other Venezuelan bonds, or in some cases use the proceeds to cover post-graduate degrees," said the professor, in reference to coworkers who also held bonds.

The 2014 collapse in oil prices pushed Venezuela’s ailing economy into crisis and led to a dramatic decline in the bonds’ prices as many investors worried that Maduro would stop paying.

Business owners who understood the Socialist Party’s commitment to paying debt despite its revolutionary rhetoric started buying the bonds to protect revenue from constant devaluation of the bolivar currency, according to brokers consulted by Reuters.

As the economy worsened, the bonds’ yields — which are as high as 220% — provided revenue to maintain bare-bones operations in efforts to avoid shuttering businesses or selling them for a pittance.

"These bonds offer income in dollars under clear rules in an environment in which there are no clear rules," said one broker who has helped businesses purchase such bonds.

Reuters
 
giofio ha scritto:
da tener presente che c'è un rateo lordo di 3,87 da aggiungere alle chiusure americane
Clicca per allargare...
ma il bello sarebbe non pagare il rateo nemmeno sotto forma di prezzo e incassare l intera cedola..se pero'vai a considerare il rateo nel prezzo e te lo fanno pagare ti becchi te il rischio e paghi all altro il titolo+rateo e se non incassi per tot mesi ci rimetti...
 
Moxcen ha scritto:
Yes, you're right about refinancing.
Be careful about Gazprom bonds. US sanction is coming in early 2018. They can force all US and EU investor to sell their bonds.!!!!
Be careful man, with Russian debts!
Clicca per allargare...
Remember that many russian bonds such as Gazprombank and Gazprom are registered in Switzerland and Ireland.I don't think
that the americans are ready for a financial conflict with these countries.
Mr.Putin has the necessary financial power to rispond to all american menaces,and the americans are very carefull not to irritate russia.
remember when russia said NO GAZ to western countries,and Merkel warned the americans
to change their policy toward Russia.
 
Ultima modifica:
policeman ha scritto:
Remember that many russian bonds such as Gazprombank and Gazprom are registered in Switzerland and Ireland.I don't think
that the americans are ready for a financial conflict with these countries.
Mr.Putin has the necessary financial power to rispond to all american menaces,and the americans are very carefull not to irritate russia.
remember when russia said NO GAZ to western countries,and Merkel warned the americans
to change their policy toward Russia.
Clicca per allargare...


La Germania nulla puo' con L America....
La prova te l allego..

Basi militari USA al di fuori degli Stati Uniti
 
Llukas ha scritto:
bella galoppata dei bonos! go Maduro go! ;)
Clicca per allargare...

La bella galoppata non la vedo, piccolo rimbalzino tecnico dopo giornate molto negative.
Il grafico è eloquente:

DQdwlHEWsAUImER.jpg
 
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