We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.

Venezuela’s bondholder committee is in talks for including more creditors as it prepares for a landmark debt restructuring. Over 15 funds have already joined the Venezuela Creditor Committee since the capture of former President Nicolás Maduro in early January. The committee, which includes Morgan Stanley Investment Management, Grantham, Mayo, Van Otterloo & Co., seeks to consolidate holders of up to half of Venezuela’s $60bn in outstanding international bonds. The restructuring progress has been temporarily delayed by two earthquakes in Venezuela, with Economic Vice President Calixto Ortega confirming plans to unveil a financial roadmap soon.
Venezuelan dollar bonds have been among the top performers this year. Its 11.95% 2031s have rallied by nearly 70% YTD, and are currently trading at 55.1 cents on the dollar, yielding 29.6%.
For more details, click here


