Mittwoch, 23. Dezember 2015
The value of PDVSA’s offshore assets -- including Citgo Petroleum Corp. stations -- has declined after the 60 percent drop in oil prices over the past year, but they still may be worth as much as $10 billion, Barclays estimates. That puts a floor to PDVSA’s recovery value of about 25 cents on the dollar on its $32 billion of debt, and it’s likely that in order to increase participation in a debt swap, PDVSA would boost the recovery value, the London-based bank said in an Aug. 18 report.
Eingestellt von rolf j. koch um 02:09