August 8, 2024

Venezuela Bondholders Seek to Accelerate Payment on 2025 Notes

Investors who hold at least 25% of Venezuela’s benchmark dollar bonds due in 2025 are pushing to speed up payments on the notes after three years of sitting in default. Deutsche Bank AG, the fiscal agent for the $1.6 billion of notes, received notice from the holders about the acceleration, declaring the debt “immediately due and payable,” according to a Feb. 25 letter seen by Bloomberg News. By Nicolle Yapur and Maria Elena Vizcaino. Full Text ->  BNNBloomberg

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