PDVSA bonds swing wildly as debt payment looms

摘要

Holders of Venezuelan bonds suffered another bout of nervousness last week as political clashes in the country renewed default fears ahead of multi-billion debt payments due on April 12. Worries that the opposition-led Congress was preventing the government from finding resources to pay for pdvsa's upcoming US$2.1bn maturity on its 5.25% 2017s sent the bond off its typical pull-to-par path.