VENEZUELA & Petroleos de Venezuela Cap. 3

No resolution yet to Venny dispute with opposition over Barbados agreements and potential candidates for election. Just talk. Pdvsa 20s 88.50-89.50 Ven 27s 18.25-18.75
 
VENEZ 26-S 11.75% BONDS 2011-21.10.26 Si sta muovendo qualcosa o saranno tutti persi ?GRAZIE
Allo stato attuale son persi
Il presidente Maduro sta sfidando apertamente gli USA
L’amministrazione americana ha già affermato che non rinnoveranno le licenze speciali che consentono alle imprese americane di operare in Venezuela
Per il momento hanno sospeso le licenze per l’estrazione dell’oro
 
Allo stato attuale son persi
Il presidente Maduro sta sfidando apertamente gli USA
L’amministrazione americana ha già affermato che non rinnoveranno le licenze speciali che consentono alle imprese americane di operare in Venezuela
Per il momento hanno sospeso le licenze per l’estrazione dell'oro. SONO PERSE ANCHE LE MINUS?
 
VENEZ 26-S 11.75% BONDS 2011-21.10.26 Si sta muovendo qualcosa o saranno tutti persi ?GRAZIE
NON sono persi :
se credi che Maduro vincerà le elezioni approfitta di questa straordinaria occasione vendile finché sei in tempo, altrimenti tienile strette ... semplice
Certo è che :
- Maduro farà il dittatore fino in fondo
- se gli USA riapplicheranno le sanzioni nulla cambierà
 
NON sono persi :
se credi che Maduro vincerà le elezioni approfitta di questa straordinaria occasione vendile finché sei in tempo, altrimenti tienile strette ... semplice
Certo è che :
- Maduro farà il dittatore fino in fondo
- se gli USA riapplicheranno le sanzioni nulla cambierà
Dovrei venderle in modalità Best Execution o è meglio inserire un prezzo?Se le tengo fino a scadenza e non succede niente posso recuperare le minus?Mi scuso delle domande e ti ringrazio della risposta.
 
New York state's top court on Tuesday ruled that Venezuelan law governs whether bonds issued by state oil company Petroleos de Venezuela (PDVSA) are valid, but left the decision over whether the bonds should be deemed invalid up to federal courts.
The New York State Court of Appeals took up the question after Venezuela's opposition - which has controlled PDVSA's U.S. assets, including refiner Citgo Petroleum, since 2019 - argued that PDVSA's bonds maturing in 2020 had not been approved by Venezuela's National Assembly and thus were invalid.
The bonds are backed by a 50.1% stake in Citgo Holding, a Delaware-registered entity through which PDVSA owns Citgo.
The bondholders' trustee and collateral agent, MUFG Union Bank and GLAS Americas, countered that the contention that the bonds were illegal under Venezuelan law has no bearing in New York, where they were issued.
A decision invalidating the bonds would be a boost to the opposition's efforts to prevent creditors from seizing control of Citgo, Venezuela's crown jewel overseas asset.
U.S. District Judge Katherine Polk Failla initially sided with the bondholders. But the Manhattan-based 2nd U.S. Circuit Court of Appeals later said a section of New York state's commercial code could be interpreted as implying that the validity of a security such as a bond is determined by the local law of the jurisdiction where it is issued.
That court asked the Court of Appeals to consider the question.
In its decision on Tuesday, the Court of Appeals wrote that certain provisions of Venezuela's constitution were relevant to the validity of the securities, but that the application of Venezuelan law had to be "narrowly confined."
"None of this is to say that plaintiffs will ultimately be victorious," the court wrote, referring to PDVSA.
The court said the question of whether the 2020 notes were invalid "is an issue that we must leave for the federal courts to determine." (RTRS)

Bonds from state-owned Petroleos de Venezuela SA collapsed after New York State’s top court ruled Venezuelan law will determine whether the debt is valid.
The 2020 notes extended losses Wednesday, adding to a 17-cent drop over the past two days, according to traders who asked for anonymity as they are not authorized to speak about the securities. They are trading around 72 cents on the dollar. (BBG)
 
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