Boris Lvin (bbb) wrote,
Boris Lvin
bbb

вона оно как

Holders of Venezuela’s most watched PDVSA bonds, which mature in 2020, are due a $72 million interest payment in late April. Those bonds are collateralized with 50.1 percent of Citgo Holdings’ equity, meaning in the absence of a payment, creditors could seize control of the company.

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The United States imposed sanctions on Venezuela in 2017 that have prevented Citgo from repatriating dividends to its parent company. It had about $500 million in cash at the end of September, according to a creditor who spoke to Reuters last week, and $900 million in available credit.

Citgo separately faces a July deadline to refinance its revolving credit, a task that could be delayed due to sanctions affecting the subsidiary’s ability to access to credit.


https://www.reuters.com/article/us-venezuela-politics-citgo-exclusive/exclusive-venezuelas-guaido-rushing-to-get-control-of-citgo-before-april-debt-payment-sources-idUSKCN1PM2B6
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