Venezuela’s Debt Problems Are About to Get Even Worse

Bloomberg/Christine Jenkins/11-08-17

Venezuela is set to fall even further behind on its debt.

With the national oil company already at risk of triggering default-insurance contracts because bondholders haven’t received a $1.1 billion principal payment that was due last week, the state electricity utility now faces the end of a 30-day grace period for $28 million in interest that it owes. To make matters worse, buffers for an additional $280 million of obligations from the government and Petroleos de Venezuela expire over the weekend.

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.

Comments are closed.