Sunday, August 28, 2016 04:42 pm
by Andrew Rosati
(Bloomberg) -- State oil company PDVSA has finished preparations for a bond-swap plan for debt due in 2016 and 2017, Venezuelan daily El Nacional, citing unnamed sources with knowledge of the deal.
- NOTE: July 27,
- According to El Nacional, swap for debt coming due in 2016 was possible because of a repurchase of a large portion of bonds coming due that year
- PDVSA is still designing swap for debt coming due in 2017 and determining an “attractive” rate for bond holders, El Nacional says
- According to El Nacional, Credit Suisse is carrying out operations with PDVSA
- NOTE: Aug. 19,