The government of Venezuela and its state-owned oil company (PDVSA) said they began to transfer interest payments related to the company’s 2021, 2024, 2026 and 2035 Bonds. The deadline for those payments is Sunday.
Also, the oil company called on all bondholders and investors “to rely on the logistics, productive and financial capacity of the industry, which has fulfilled all its commitments.”
“We ratify the solvency and soundness of our oil industry, in the fight against the illegal imperial sanctions,” said the state-owned oil company in its Twitter account.
PDVSA’s bonds represent 30% of the country’s external debt, estimated at some US$ 150 billion.
The material has been provided by InstaForex Company – www.instaforex.com
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