VENEZUELA & Petroleos de Venezuela Cap. 3
- Creatore Discussione La Zanzara
- Data di Inizio
LUISD
Forumer attivo
Non penso. Se gli USA permettono al VNZ di pagare i debiti solo con il petrolio e per questo motivo il VNZ salda i debiti con le major petrolifere con carichi di petrolio, allora anche gli altri creditori possono ottenere petrolio per saldare i debiti. Il warrant ti da la possibilità di esercitare il diritto ottenendo il petrolio fisico, oppure di vendere il warrant a mercato ottenendo il controvalore di una data quantità di petrolio.
Gli USA evidentemente con lo swap crediti Vs OIL vogliono:
1) aumentare l'offerta di petrolio per far scendere il prezzo
2) evitare che con la ristrutturazione normale gli investitori USA ci rimettano in conseguenza di un haircut
3) evitare di finanziare il regime di Maduro.
Questo vale per i soberanos che potrebbero avere un valore ben superiore alle attuali quotazioni.
LUISD
Forumer attivo
Tra poco ci sono le elezioni in VNZ e la FED ha detto che taglierà i tassi USA.
Le aspettative circa il riconoscimento delle elezioni da parte degli USA e le aspettative sul taglio dei tassi USA a cui occorre aggiungere il Perpetual oil warrant emesso dal VNZ a mio avviso faranno salire le quotazioni dei bonos anche oltre i 30 dollari.......
Le aspettative circa il riconoscimento delle elezioni da parte degli USA e le aspettative sul taglio dei tassi USA a cui occorre aggiungere il Perpetual oil warrant emesso dal VNZ a mio avviso faranno salire le quotazioni dei bonos anche oltre i 30 dollari.......
La mia banca ha verificato e quel perpetuo oil warrants non è una nuova emissione
Gli USA non riconosceranno le elezioni
E come potrebbero a fronte di tali e tante violazioni
Il bond perpetual oil warrants non è una nuova emissione
Ti invito a non cercare di pompare e non diffondere notizie prive di fondamento
Citi Sees Up to $1.25 Billion of Forced Buying of Venezuela Debt
By Maria Elena Vizcaino
(Bloomberg) -- JPMorgan’s decision to include bonds from Venezuela and its state-oil company PDVSA in its index will bring in between $1 billion and $1.25 billion of forced buying, according to Citigroup.
By Maria Elena Vizcaino
(Bloomberg) -- JPMorgan’s decision to include bonds from Venezuela and its state-oil company PDVSA in its index will bring in between $1 billion and $1.25 billion of forced buying, according to Citigroup.
- Firm keeps long recommendation on the debt, and expects to exit trade at a target of 25 cents per dollar, strategist Donato Guarino wrote in a note Monday,
- NOTE: Venezuela’s 2022 bonds trade near 17 cents on the dollar, according to indicative pricing data collected by Bloomberg
- “The trade is technical in nature, and we remain watchful of further developments ahead of this year election”
- “In the medium term, the situation remains very unsettling,” Guarino wrote. “A new government under Maduro with a friendly relationship with the US (either Trump or Biden) will be a better outcome for bondholders in term of bond renegotiation”
- NOTE: Feb. 22, Venezuelan Bonds Soar as JPMorgan Returns Debt to Indexes
It’s Time to Ditch Venezuela Debt, UBS Wealth Management Says
(Bloomberg) -- UBS Wealth Management is urging investors to ditch Venezuelan debt after JPMorgan Chase & Co. unveiled a plan to return the securities to its key emerging-market bond indexes.
Money managers have an opportunity to sell their holdings of defaulted bonds from Venezuela’s government and state-run oil company Petroleos de Venezuela SA after sanctions relief and the index inclusion spurred a rally in the debt, Pedro Quintanilla-Dieck, Alejo Czerwonko and Donald McLauchlan wrote in a note to clients this week.
The notes have risen since October, when the Biden administration lifted a trading ban that kept US investors from buying the debt for over four years. They briefly extended gains last week after JPMorgan said it would re-weight the notes in the Emerging Market Bond Index series over three months starting April 30.
Sovereign notes due in 2027 have jumped by 8 cents to around 19 cents on the dollar since the US granted sanction relief in October, according to traders and indicative pricing data compiled by Bloomberg. PDVSA debt due in 2026 notes have gone from 6 to around 10 cents in the same period, the data show.
To UBS Wealth Management, the advance offers money managers an attractive moment to liquidate positions in the bonds ahead of an unpredictable presidential vote and further US foreign policy decisions.
Even if forced buying tied to the index inclusion helps to buoy the notes in the near-term, “there remains significant uncertainty regarding the status of the Venezuelan economy and its longer-term ability to service debt,” they wrote.
Questions also remain surrounding a potential debt restructuring — as long as Venezuela’s election meets the standards needed for the US to consider further sanction relief, according to UBS Wealth Management.
“Even if a restructuring eventually takes place, we think this could kick off one of the most complex sovereign debt restructurings in history, plagued with legal challenges,” they wrote.
- Firm says rally after index inclusion offers a moment to sell
- Sovereign, PDVSA debt has risen since October sanction rejig
(Bloomberg) -- UBS Wealth Management is urging investors to ditch Venezuelan debt after JPMorgan Chase & Co. unveiled a plan to return the securities to its key emerging-market bond indexes.
Money managers have an opportunity to sell their holdings of defaulted bonds from Venezuela’s government and state-run oil company Petroleos de Venezuela SA after sanctions relief and the index inclusion spurred a rally in the debt, Pedro Quintanilla-Dieck, Alejo Czerwonko and Donald McLauchlan wrote in a note to clients this week.
The notes have risen since October, when the Biden administration lifted a trading ban that kept US investors from buying the debt for over four years. They briefly extended gains last week after JPMorgan said it would re-weight the notes in the Emerging Market Bond Index series over three months starting April 30.
Sovereign notes due in 2027 have jumped by 8 cents to around 19 cents on the dollar since the US granted sanction relief in October, according to traders and indicative pricing data compiled by Bloomberg. PDVSA debt due in 2026 notes have gone from 6 to around 10 cents in the same period, the data show.
To UBS Wealth Management, the advance offers money managers an attractive moment to liquidate positions in the bonds ahead of an unpredictable presidential vote and further US foreign policy decisions.
Even if forced buying tied to the index inclusion helps to buoy the notes in the near-term, “there remains significant uncertainty regarding the status of the Venezuelan economy and its longer-term ability to service debt,” they wrote.
Questions also remain surrounding a potential debt restructuring — as long as Venezuela’s election meets the standards needed for the US to consider further sanction relief, according to UBS Wealth Management.
“Even if a restructuring eventually takes place, we think this could kick off one of the most complex sovereign debt restructurings in history, plagued with legal challenges,” they wrote.
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LUISD
Forumer attivo
In che anno è stato emesso il perpetual oil warrant?