Venezuela Bond Holders Are in the Dark on PDVSA Payment Status
- Company said it made payment Oct. 27, sparking a bond rally
- But bondholders haven’t seen money in their accounts yet
The Hurdles Facing Venezuela as It Seeks to Avoid Default
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Depository Trust Company, one of the intermediaries handling Venezuela’s bond payments, has told traders that the state oil company made a critical payment that was due Oct. 27, according to people with knowledge of the matter.
A trader at Bank of America Corp. told clients that they will probably see the cash in their accounts Thursday morning, according to three of the people. A spokesman for DTC declined to comment.