PDVSA offers $71bn bond swap
Venezuela's state oil company PDVSA has launched an offer to swap up to $7.1 billion of debt maturing next year for a new 2020 bond with a coupon of 8.5% in an effort to ease its heavy short-term payment schedule.
Venezuela's state oil company PDVSA has launched an offer to swap up to $7.1 billion of debt maturing next year for a new 2020 bond with a coupon of 8.5% in an effort to ease its heavy short-term payment schedule.