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Venezuela's PDVSA pays majority of 2017N bond - sources

Reuters  |  CARACAS/NEW YORK 

By Corina Pons and Davide ScigliuzzoCARACAS/NEW YORK (Reuters) - Venezuelan state oil company PDVSA has transferred most of the funds to make the delayed final payment on its 2017N bond, market sources said on Wednesday, as investors asked financial industry group ISDA if the delay constituted a credit event.President Nicolas Maduro said last week that the bond would be paid in full, but added that all future sovereign and PDVSA debt payments would be restructured and refinanced.Although Maduro said future debt would be honoured, investors nonetheless interpreted his comments as an indication ...

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First Published: Thu, November 09 2017. 02:03 IST
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