The Canadian mining company Crystallex' request for a license to proceed with the sale of PDV Holding shares was rejected by the OFAC. However, the representative of the US government assured that her country could reconsider the impacts of the foreclosure and sale of Venezuelan assets and advise Crystallex to reapply next year.

 

Venezuela Venezuelan President Nicolas Maduro arrived in Mexico on Friday to participate in a gathering of leaders from Latin America and the Caribbean, a rare trip abroad and his first since the United States accused him of drug trafficking, the AFP reported. His participation at the summit was confirmed at the last minute, a few hours before the heads of state and government, foreign ministers and envoys of the 33 countries that make up the body are set to meet. Member states are expected to discuss a range of issues, with the impact of the coronavirus pandemic on the region at the top of the agenda. Also last week, in a statement published by Maduro's delegation lead negotiator and president of the National Assembly, Jorge Rodríguez, the government pointed out "a series of aggravating facts and dangerous declarations" by opposition leaders and the governments of Colombia and the United States as the reason for provoking "a break-up in the dialogue and not recognizing the agreements already achieved." The statement points out the decision by the Colombian authorities to take control of the fertilizer producer Monomeros and the OFAC letter to Crystallex pointing out a possible change regarding the CITGO sale in the first half of 2022, as well as statements by leaders of Justice First (Primero Justicia, PJ) and Popular Will (Voluntad Popular, VP). The latter is a mention of Guaidó's position regarding the Monomeros situation. He backed the decision of Colombia's regulator (Suprasociedades) and said that its decision is only looking "to bring stability to the corporation." The Canadian mining company Crystallex' request for a license to proceed with the sale of PDV Holding shares was rejected by the OFAC. However, the representative of the US government assured that her country could reconsider the impacts of the foreclosure and sale of Venezuelan assets and advise Crystallex to reapply next year.

 

Credit Type / ISIN Indicative price (%)* Venezuela VENZ 13 5/8 08/15/18 10 11 Venezuela VENZ 9 ¼ 09/15/27 10 11 Venezuela VENZ 7 3/4 10/13/19 9.5 10.5 Venezuela VENZ 6 12/09/20 9.5 10.5 Venezuela VENZ 12 3/4 08/23/22 10 11 Venezuela VENZ 9 05/07/23 9.5 10.5 Venezuela VENZ 8 1/4 10/13/24 9.5 10.5 Venezuela VENZ 7.65 04/21/25 9.5 10.5 Venezuela VENZ 11 3/4 10/21/26 10 11 Venezuela VENZ 9 1/4 05/07/28 9.5 10.5 Venezuela VENZ 11.95 08/05/31 10 11 Venezuela VENZ 9 3/8 01/13/34 9.5 10.5 Venezuela VENZ 7 03/31/38 9.5 10.5 Venezuela ICSID Claims Call desk for Prices PDVSA PDVSA 8 1/2 10/27/20 25 28 PDVSA PDVSA 9 11/17/21 4.5 5.5 PDVSA PDVSA 12 3/4 02/17/22 4.5 5.5 PDVSA PDVSA 6 10/28/22 4.5 5.5 PDVSA PDVSA 6 05/16/24 4.5 5.5 PDVSA PDVSA 6 11/15/26 4.5 5.5 PDVSA PDVSA 5 3/8 04/12/27 4.5 5.5 PDVSA PDVSA 9 3/4 05/17/35 4.5 5.5 PDVSA PDVSA 5 1/2 04/12/37 4.5 5.5 PDVSA Promissory Notes Call desk for Prices PDVSA Trade Receivables Call desk for Prices * Indicative price for positions with institutional size only. For smaller sizes please call desk