📉Venezuela Misses $200 Million in Interest Payments
With a US$ 60 billion debt mound, the Venezuelan government missed a deadline to make US$ 200 million in interest payments on two of its government bonds (due 2019 and due 2024) on late November 13, 2017, even with a 30-day grace period.
House of Cards: Venezuela Misses $200 Million in Interest Payments
With a US$ 60 billion debt mound, the Venezuelan government missed a deadline to make US$ 200 million in interest payments on two of its government bonds (due 2019 and due 2024) on late November 13, 2017, even with a 30-day grace period.
Venezuela’s debt restructuring Tuesday, 14 November 2017
President Nicolás Maduro announced on 2 November that Venezuela plans to “refinance” and “restructure” its external debt.
The country’s acutely dislocated economic condition and the lack of any credible plan for urgently needed economic reform severely limit the scope for any deal with bondholders.
Restructuring will be hindered even further by US economic sanctions.
IHS Markit Economics & Country Risk Blog |