The Fight Over Venezuela’s Most Valuable Asset Is Heating Up
The preferred bid to buy US-based refiner Citgo could throw a wrench in bondholders plans to secure payment.
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Welcome to The Brink. I’m Nicolle Yapur, a reporter in Bogota, where I’m following the auction for PDVSA’s most valuable foreign asset. We also have news on the second-quarter’s surge in defaults led by distressed private equity-backed firms bought with floating-rate loans before the Fed’s hiking cycle began. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM.
A legal fight over a unique bond issued by Venezuela’s state-owned oil company is heating up.