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Whoever owns the most Venezuelan debt: Q. Who are the major holders of Venezuela and PDVSA bonds? A. These securities are popular among funds that invest in e
by roymurdock 9y ago
Whoever owns the most Venezuelan debt:
Q. Who are the major holders of Venezuela and PDVSA bonds?
A. These securities are popular among funds that invest in emerging market bonds. Their high yields - which are close to 10 times higher than those of neighboring Colombia - help increase the overall profitability of the portfolios.
Institutional investors with big holdings include T Rowe Price Associates Inc (TROW.O), Ashmore Investment Management Ltd (AGOL.L), and BlackRock Investment Management Ltd (BLK.N).
Q. What would be the consequences for Venezuela of default?
A. Creditors could seek to seize assets Venezuela owns in other countries, including refineries such as those operated by PDVSA’s U.S. refining and marketing subsidiary Citgo.
Article also discusses role of chinese and russian financing
https://uk.reuters.com/article/us-venezuela-bonds-q-a/implications-of-venezuelas-proposed-foreign-debt-restructuring-idUKKBN1D3250 https://uk.reuters.com/article/us-venezuela-bonds-q-a/implic...