Business & Finance
Venezuela Bond Rally Fades as Investors Price in Bleaker Outlook
Key Points
Venezuela Bond Rally Fades as Investors Price in Bleaker Outlook Venezuelan bonds are tumbling as investors factor in a bleaker financial outlook after two devastating earthquakes added to the challenges of a sweeping debt restructuring. Most of the country’s defaulted sovereign notes, and those issued by state-owned Petroleos de Venezuela SA, handed investors losses of more than 10% since the restructuring process was launched in mid-May in a selloff that accelerated following last week’s...
Venezuela Bond Rally Fades as Investors Price in Bleaker Outlook
Venezuelan bonds are tumbling as investors factor in a bleaker financial outlook after two devastating earthquakes added to the challenges of a sweeping debt restructuring.
Most of the country’s defaulted sovereign notes, and those issued by state-owned Petroleos de Venezuela SA, handed investors losses of more than 10% since the restructuring process was launched in mid-May in a selloff that accelerated following last week’s disaster.