07 de septiembre de 2016 11:20 AM
Actualizado el 07 de septiembre de 2016 11:28 AM
Petróleos de Venezuela (Pdvsa) informed that Citibank would continue being the agent for payment of Pdvsa’s bonds maturing in October and November 2016 and April 2017. Previously, Citibank had advised bondholders that it would relinquish an agreement with the state-run oil company.
“It is false that to date there is replacement of Citibank as the paying agent of our notes and this is to advise that in the event of any change in this regard, Pdvsa will report timely and responsibly,” Pdvsa twitted, as quoted by Reuters.
However, Pdvsa did not specify if Citibank would continue acting as the agent for the remainder of Pdvsa’s bonds in November 2018.
For its part, in a communiqué providing a rationale for its relinquishment, Citibank clarified that it will remain as the paying agent of Pdvsa until finding a replacement. The market voiced concern over the situation, as Pdvsa is interested in a debt swap ending in 2017 for long-term maturity bonds. Nevertheless, Citibank provided no further details on the information supplied by Pdvsa.