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Venezuela seeking debt restructuring: President Maduro

AFP  |  Caracas 

Venezuela is looking to restructure all its foreign debt, President Nicolas Maduro said today -- the day state oil company PDVSA had to pay USD 1.2 billion in maturing bonds to avoid a default.

"I decree a refinancing and a restructuring of all external debt and all of Venezuela's payments," Maduro said.

He said PDVSA would make its big bond payout on Friday.

Venezuela's total external debt is estimated at USD 150 billion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 03 2017. 04:22 IST