sandrino
Forumer storico
Sto accumulando il LIVORE per il 7 maggio
Titoli di Stato paesi-emergenti VENEZUELA e Petroleos de Venezuela - Cap. 2 (18 lettori)
- Creatore Discussione tommy271
- Data di Inizio
Sto accumulando il LIVORE per il 7 maggio
junior63
Forumer storico
Venezuela Creditor Group Taps Millstein as Financial Adviser
By
Katia Porzecanski
20 aprile 2018, 20:52 CEST Updated on 20 aprile 2018, 22:01 CEST
The group will seek to evaluate the financial condition of Venezuela’s government and state oil producer Petroleos de Venezuela SA and “consider financing alternatives under an appropriate policy scenario,” according to a statement, which doesn’t detail which institutions are included in the committee or how much debt they hold.
Mark Walker, the head of sovereign advisory at Millstein, is representing the committee, according to the statement. Bloomberg reported in November that he was entertaining proposals from the group, which at the time was still in its early stages of organizing.
The group has about 15 members, mostly long-term investors rather than hedge funds, according to two people with knowledge of the matter who asked not to be identified because they aren’t authorized to comment. The biggest publicly reported holders of Venezuela and PDVSA bonds include Fidelity Investments, BlackRock Inc. and Allianz SE. They were among those reported to have been included when the group was first organizing.
Venezuela’s bondholders have been mired in limbo since November, when President Nicolas Maduro said the country would seek to restructure its approximately $60 billion of obligations amid a shortage of hard currency he blamed on an international financial conspiracy. But U.S. sanctions imposed for anti-democratic moves mean Venezuela can’t issue new bonds that would generally be part of any restructuring. So, it’s unclear what the committee can accomplish as long as Maduro remains in power with the sanctions in place.
Presidential elections slated for next month may prove a catalyst for change, and creditors are getting themselves organized ahead of time. While analysts say opposition candidate Henri Falcon has a slim-to-none chance of an electoral victory, some investors have been snapping up the nation’s debt in case of a potential upset. That would probably clear the way for a restructuring at prices higher than current levels of about 30 cents on the dollar.
By
Katia Porzecanski
20 aprile 2018, 20:52 CEST Updated on 20 aprile 2018, 22:01 CEST
- Country is behind on about $3.4 billion of bond payments
- Creditors hold about $60 billion of international obligations
The group will seek to evaluate the financial condition of Venezuela’s government and state oil producer Petroleos de Venezuela SA and “consider financing alternatives under an appropriate policy scenario,” according to a statement, which doesn’t detail which institutions are included in the committee or how much debt they hold.
Mark Walker, the head of sovereign advisory at Millstein, is representing the committee, according to the statement. Bloomberg reported in November that he was entertaining proposals from the group, which at the time was still in its early stages of organizing.
The group has about 15 members, mostly long-term investors rather than hedge funds, according to two people with knowledge of the matter who asked not to be identified because they aren’t authorized to comment. The biggest publicly reported holders of Venezuela and PDVSA bonds include Fidelity Investments, BlackRock Inc. and Allianz SE. They were among those reported to have been included when the group was first organizing.
Venezuela’s bondholders have been mired in limbo since November, when President Nicolas Maduro said the country would seek to restructure its approximately $60 billion of obligations amid a shortage of hard currency he blamed on an international financial conspiracy. But U.S. sanctions imposed for anti-democratic moves mean Venezuela can’t issue new bonds that would generally be part of any restructuring. So, it’s unclear what the committee can accomplish as long as Maduro remains in power with the sanctions in place.
Presidential elections slated for next month may prove a catalyst for change, and creditors are getting themselves organized ahead of time. While analysts say opposition candidate Henri Falcon has a slim-to-none chance of an electoral victory, some investors have been snapping up the nation’s debt in case of a potential upset. That would probably clear the way for a restructuring at prices higher than current levels of about 30 cents on the dollar.
Llukas
Frangar non Flectar
Sì, mi hai scoperto, pago in bond sub veneti che a Caracas vanno alla grande.
Ma anche la volta scorsa la cedola della 2020 secured la pagarono in maniera impeccabile? Ricordo di no ma vorrei conferma.
carib
rerum cognoscere causas
Nomura ajustó sus proyecciones de caída de la producción de 25% a 30% con respecto a 2017, por lo que calculan que para finales de año, Pdvsa estará bombeando 1,1 millones de barriles diarios. Esta cantidad de crudo tiene buena parte comprometida en consumo interno, pagos a Rusia y China, por lo que los ingresos efectivos se reducirían notablemente.
“El análisis de flujo de efectivo ahora se centra en si hay fondos suficientes para asegurar la gobernabilidad y aislar a los militares y los trabajadores públicos de la crisis económica”, indica el banco japonés.
“El análisis de flujo de efectivo ahora se centra en si hay fondos suficientes para asegurar la gobernabilidad y aislar a los militares y los trabajadores públicos de la crisis económica”, indica el banco japonés.
sandrino
Forumer storico
No, la cedola venne pagata in ritardo ma sempre entro il grace period
MARCO82
Forumer attivo
Comunque per me la storia dei 3,3 billions del petro è una gran minchiata. Guarda caso 3,3 billions sono proprio i pagamenti arretrati sulla deuda. Tradotto, questo baffone di mexxa ha sviato i soldi su alimenti,medicine,ecc e un miliardo sul dicom per far ricominciare a rubare i militari col cambio parallelo. E noi ovviamente a bocca asciutta....
Pegaso67
Nuovo forumer
In ottica futuro recovery
Miqui
Forumer attivo
vabbè ma allora compra pdvsa o soberanos che costano anche meno