Montag, 8. November 2021

Venezuela Last week, the President of Venezuela, Nicolas Maduro, signed a letter of understanding with the prosecutor of the International Criminal Court (ICC), Karim A.A. Khan QC against atrocious crimes. The agreement between the two was signed Wednesday during the three days of work with the ICC prosecutor. The Venezuelan government has agreed to cooperate and comply with the investigation plan despite its differing views on the issue, which was even reflected in the agreement. The letter of understanding was signed alongside a full investigation into allegations of crimes committed by the Venezuelan government against opposition protesters in 2017, r

 

Venezuela

Last week, the President of Venezuela, Nicolas Maduro, signed a letter of understanding with the prosecutor of the International Criminal Court (ICC), Karim A.A. Khan QC against atrocious crimes. The agreement between the two was signed Wednesday during the three days of work with the ICC prosecutor. The Venezuelan government has agreed to cooperate and comply with the investigation plan despite its differing views on the issue, which was even reflected in the agreement. The letter of understanding was signed alongside a full investigation into allegations of crimes committed by the Venezuelan government against opposition protesters in 2017, referred to the ICC by Argentina, Canada, Colombia, Chile, Paraguay, and Peru. The protests started because the security forces of Venezuela, under the Maduro regime, have been accused of using excessive force to disperse and put down demonstrations as well as arrest and detain thousands of members of the opposition. Some of them are also believed to have been subjected to abuse and mistreatment.
 

Also Reuters reported last week that Venezuela's oil exports last month surpassed 700,000 barrels per day (bpd) as supplies of imported diluents boosted production and shipments, according to documents from state-run firm PDVSA and Refinitiv Eikon tracking data. The OPEC-member country's largest oil producing region has regained its output and blending capacity in recent weeks after Iran, one of the nation's most important allies, began regularly supplying condensate for diluting the Orinoco Belt's extra heavy oil. Iranian supplies are lessening the impact of U.S. sanctions on the nation's output.

Last but not least,  Bloomberg reported that a group of governments, led by the U.S., is pressing the parties to extend Guaido’s mandate as National Assembly president and head of the opposition’s interim government after it expires in January, according to eight people with direct knowledge of the situation. Three of the four principal opposition parties oppose the idea and even some members of Guaido’s own Popular Will party haven’t signed on, according to the people. “There is an attempt to continue extending the Guaido government, but that does not help the Venezuelan people, and I’m not going to support it,” said Henrique Capriles, a former presidential candidate from the Justice First party whose support for Guaido, which was key in 2019, has cooled as the interim government has stumbled recently.

 

Credit

Type / ISIN

Indicative price (%)*

Venezuela

VENZ 13 5/8 08/15/18

10.25

10.75

Venezuela

VENZ 9 ¼ 09/15/27

10.25

10.75

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

10.25

10.75

Venezuela

VENZ 9 05/07/23

10

10.75

Venezuela

VENZ 8 1/4 10/13/24

10

10.75

Venezuela

VENZ 7.65 04/21/25

10

10.75

Venezuela

VENZ 11 3/4 10/21/26

10.25

10.75

Venezuela

VENZ 9 1/4 05/07/28

10

10.75

Venezuela

VENZ 11.95 08/05/31

10.25

10.75

Venezuela

VENZ 9 3/8 01/13/34

10

10.75

Venezuela

VENZ 7 03/31/38

10

10.75

Venezuela

ICSID Claims

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PDVSA

PDVSA 8 1/2 10/27/20

25

28

PDVSA

PDVSA 9 11/17/21

5.25

6

PDVSA

PDVSA 12 3/4 02/17/22

5.25

6

PDVSA

PDVSA 6 10/28/22

3

4

PDVSA

PDVSA 6 05/16/24

5.25

6

PDVSA

PDVSA 6 11/15/26

5.25

6

PDVSA

PDVSA 5 3/8 04/12/27

5.25

6

PDVSA

PDVSA 9 3/4 05/17/35

5.25

6

PDVSA

PDVSA 5 1/2 04/12/37

5.25

6

PDVSA

Promissory Notes

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PDVSA

Trade Receivables

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* Indicative price for positions with institutional size only. For smaller sizes please call desk

 

 

Argentina

Argentina and the International Monetary Fund (IMF) continue to work towards reaching an agreement for an Extended Fund Facility (EFF), according to a transcript of an IMF press conference dated 4 November. The clarification comes after a rumor emerged that the Fund and Argentina were currently in negotiations for a standby arrangement or a bridge loan instead of an EFF.

 

Credit

Type / ISIN

Indicative price (%)*

Argentina

ARGENT 0 1/2 07/09/30

34

35.1

Argentina

ARGENT 1 07/09/29

36

37.1

Argentina

ARGENT 1 1/8 07/09/35

29.8

31.6

Argentina

ARGENT 2 1/2 07/09/41

34.4

34.8

Argentina

ARGENT 2 01/09/38

36.6

36.8

Argentina

ARGENT 1 1/8 07/09/46

30.7

32.3

Province of Buenos Aires

BUENOS 3.9 09/01/37

42

45.5

Province of Buenos Aires

BUENOS 2.85 09/01/37

39.4

40.2

Province of Buenos Aires

BUENOS 3 1/2 09/01/37

36.4

40

Province of Buenos Aires

BUENOS 3 09/01/37

35.7

36.4

Province of Buenos Aires

BUENOS 2 09/01/37

28.3

34.3

Province of Buenos Aires

BUENOS 2 1/2 09/01/37

33.3

35.1

YPF

YPFDAR 8 1/2 07/28/25

77.7

80.4

YPF

YPFDAR 8 3/4 04/04/24

88.2

90.8

YPF

YPFDAR 6.95 07/21/27

68.6

72.2

YPF

YPFDAR 7 12/15/47

63.8

65.7

YPF

YPFDAR 8 1/2 06/27/29

74.6

78.6

Banco Macro

BMAAR 6 3/4 11/04/26

83.8

86.7

* Indicative price for positions with institutional size only. For smaller sizes please call des

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