Venezuelan Bolivar Plunges to Record Low on Black Market; Bond Default Coming Up in October?
MishTalk
AUGUST 28, 2014
percent in May, the last month for which figures are available, while according to economists surveyed by Bloomberg gross domestic product shrank 2.1 Venezuela’s benchmark dollar bonds due in 2027 fell 0.44 I wonder why 2027 bonds trade as high as 79 cents on the dollar, even with 12.56% interest rate. cent at 12:37 a.m.
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