Venezuela Monómeros Colombo Venezolanos S.A, might return to Venezuela’s administration, according to Gustavo Petro, president-elect of Colombia. The company, owned by Petroquímica de Venezuela S.A. and based in Colombia, was intervened in 2021 by the administration of Iván Duque. The Caribbean Community - Caricom, urged the U.S. government to eliminate unilateral coercive measures against Venezuela, which prevents Caribbean countries from the PetroCaribe initiative benefits.

 

Venezuela Monómeros Colombo Venezolanos S.A, might return to Venezuela’s administration, according to Gustavo Petro, president-elect of Colombia. The company, owned by Petroquímica de Venezuela S.A. and based in Colombia, was intervened in 2021 by the administration of Iván Duque. The Caribbean Community - Caricom, urged the U.S. government to eliminate unilateral coercive measures against Venezuela, which prevents Caribbean countries from the PetroCaribe initiative benefits. Last month, oil exports spiked 61%, after exporting oil to Europe after two years. The US gave “green light” for Eni (Italy) and Repsol (Spain) to export Venezuelan crude according to PDVSA. Also, the license for Venezuela to import liquefied petroleum gas (LPG) through July 12, 2023, was renewed, according to OFAC. Negotiations for a new contract have been ongoing since late May between Venezuela's oil minister, and Javier La Rosa, president of Chevron's operations in the Latin American nation, who is after the control over the production, transportation, and sales of its Venezuelan crude.

Credit Type / ISIN Indicative price (%)* Venezuela VENZ 13 5/8 08/15/18 9.5 10.5 Venezuela VENZ 9 ¼ 09/15/27 9.5 10.5 Venezuela VENZ 7 3/4 10/13/19 8.75 9.75 Venezuela VENZ 6 12/09/20 8.75 9.75 Venezuela VENZ 12 3/4 08/23/22 9.25 10.25 Venezuela VENZ 9 05/07/23 8.75 9.75 Venezuela VENZ 8 1/4 10/13/24 8.75 9.75 Venezuela VENZ 7.65 04/21/25 8.75 9.75 Venezuela VENZ 11 3/4 10/21/26 9.25 10.25 Venezuela VENZ 9 1/4 05/07/28 8.75 9.75 Venezuela VENZ 11.95 08/05/31 9.25 10.25 Venezuela VENZ 9 3/8 01/13/34 8.75 9.75 Venezuela VENZ 7 03/31/38 8.75 9.75 Venezuela ICSID Claims Call desk for Prices PDVSA PDVSA 8 1/2 10/27/20 20 25 PDVSA PDVSA 9 11/17/21 5.75 6.75 PDVSA PDVSA 12 3/4 02/17/22 5.75 6.75 PDVSA PDVSA 6 10/28/22 3.5 4.5 PDVSA PDVSA 6 05/16/24 5.75 6.75 PDVSA PDVSA 6 11/15/26 5.75 6.75 PDVSA PDVSA 5 3/8 04/12/27 5.75 6.75 PDVSA PDVSA 9 3/4 05/17/35 5.75 6.75 PDVSA PDVSA 5 1/2 04/12/37 5.75 6.75 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

Argentina Argentina's international debt plummeted to its lowest level since it was issued over two years ago. Dollar prices for sovereign dollar bonds fell by more than 3 cents, with some notes falling below 20 cents. The country's parallel exchange rate, fell as high as 15% before cutting losses to 272 pesos per dollar. The new Minister of Economy, Silvia Batakis announced that Argentina must adhere to its $44 billion deal with the IMF but with adjustments over time.

Credit Type / ISIN Indicative price (%)* Argentina ARGENT 0 1/2 07/09/30 19.9 20.5 Argentina ARGENT 1 07/09/29 20.3 20.4 Argentina ARGENT 1 1/8 07/09/35 19 20 Argentina ARGENT 2 1/2 07/09/41 23.6 24.2 Argentina ARGENT 2 01/09/38 25.1 26 Argentina ARGENT 1 1/8 07/09/46 19 19.9 Province of Buenos Aires BUENOS 3.9 09/01/37 26.8 31.1 Province of Buenos Aires BUENOS 2.85 09/01/37 27.9 32 Province of Buenos Aires BUENOS 3 1/2 09/01/37 26.1 33 Province of Buenos Aires BUENOS 3 09/01/37 23.1 29.2 Province of Buenos Aires BUENOS 2 09/01/37 19.6 22 Province of Buenos Aires BUENOS 2 1/2 09/01/37 25.5 32.1 YPF YPFDAR 8 1/2 07/28/25 60 61.7 YPF YPFDAR 8 3/4 04/04/24 69.4 75.5 YPF YPFDAR 6.95 07/21/27 46.7 59.4 YPF YPFDAR 7 12/15/47 41.7 45.6 YPF YPFDAR 8 1/2 06/27/29 53.7 57.8 * Indicative price for positions with institutional size only. For smaller sizes please call desk

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