Venezuelan Bolivar Plunges to Record Low on Black Market; Bond Default Coming Up in October?
MishTalk
AUGUST 28, 2014
They are trying to save up as many dollars as possible to meet obligations to bondholders.” 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. Venezuela has $4.5 billion on Aug. cent at 12:37 a.m. in New York to 79.01
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