Economics
Venezuela’s Debt Negotiator Calls Meeting and Adds to Confusion
- Some bonds fall as much as 18 cents after announcement
- Government says it will keep paying debt during talks
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One day after President Nicolas Maduro left traders puzzled by pledging to both refinance and restructure Venezuela’s foreign bonds, his chief debt negotiator only added to the confusion.
Tareck El Aissami, the country’s vice president, chose yet another term as he spoke Friday -- “renegotiate” -- to describe the government’s plans while simultaneously saying bond payments would continue to be made.