Investors Lobby Biden to Lift US Ban on Trading Venezuela Bonds Investors are urging the Biden administration to end the ban on trading Venezuelan bonds that are in default. They claim that if a debt restructuring occurs, the US may lose its control over the regime led by President Nicholas Maduro. This group of investors, known as the Venezuela Creditor Committee, is comprised of US and international institutions that hold approximately USD 12bn worth of the debt. They have hired BGR Group, a Washington-based firm, to assist in their efforts to lift the sanctions that prevent US-based individuals and companies from purchasing these obligations. This information was confirmed by public records and four sources who are familiar with the situation.

 

Sovereigns

Venezuela Investors Lobby Biden to Lift US Ban on Trading Venezuela Bonds Investors are urging the Biden administration to end the ban on trading Venezuelan bonds that are in default. They claim that if a debt restructuring occurs, the US may lose its control over the regime led by President Nicholas Maduro. This group of investors, known as the Venezuela Creditor Committee, is comprised of US and international institutions that hold approximately USD 12bn worth of the debt. They have hired BGR Group, a Washington-based firm, to assist in their efforts to lift the sanctions that prevent US-based individuals and companies from purchasing these obligations. This information was confirmed by public records and four sources who are familiar with the situation. 2015AN President confident that the US and other countries will protect overseas assets. Dinorah Figuera, the newly elected president of the National Assembly in 2015, informed the press that she believes the US and other nations will safeguard Venezuela's overseas assets, such as Citgo and approximately USD 2bn in gold stored at the Bank of England.  Venezuela's Maduro complains about U.S. cash-less authorizations. On Thursday, Nicolas Maduro, the president of Venezuela, slammed U.S. licences that prevent corporations doing business with sanctioned Venezuelan state firms from transferring cash to his government.  On the condition that no money be transferred to Venezuela, Washington last year approved U.S. and European businesses to start buying Venezuelan crude oil. The United States last week allowed Trinidad and Tobago to import gas from a Venezuelan offshore field but forbade the exchange of money.   Issuer Ticker Bid Ask Republic of Venezuela VENZ 13 ⅝ 08/15/18 8.75 9.75 Republic of Venezuela VENZ 7 12/01/18 7.0 8.0 Republic of Venezuela VENZ 7¾ 10/13/19 7.0 8.0 Republic of Venezuela VENZ 6 12/09/20 7.0 8.0 Republic of Venezuela VENZ 12¾ 08/23/22 7.0 8.0 Republic of Venezuela VENZ 9 05/07/23 7.5 8.5 Republic of Venezuela VENZ 8¼ 10/13/24 7.5 8.5 Republic of Venezuela VENZ 7.65 04/21/25 7.5 8.5 Republic of Venezuela VENZ 11¾ 10/21/26 7.75 8.75 Republic of Venezuela VENZ 9 ¼ 09/15/27 8.75 9.75 Republic of Venezuela VENZ 9¼ 05/07/28 7.75 8.75 Republic of Venezuela VENZ 11.95 08/05/31 8.5 9.5 Republic of Venezuela VENZ 9 3/8 01/13/34 7.75 8.75 Republic of Venezuela VENZ 7 03/31/38 7.5 8.5 Republic of Venezuela ICSID Claims Call desk for Prices Petróleos de Venezuela SA PDVSA 8½ 10/27/20 19.0 20.0 Petróleos de Venezuela SA PDVSA 9 11/17/21 4.25 5.25 Petróleos de Venezuela SA PDVSA 12¾ 02/17/22 4.25 5.25 Petróleos de Venezuela SA PDVSA 6 10/28/22 2.5 3.5 Petróleos de Venezuela SA PDVSA 6 5/16/24 4.25 5.25 Petróleos de Venezuela SA PDVSA 6 11/15/26 4.25 5.25 Petróleos de Venezuela SA PDVSA 5⅜ 04/12/27 4.25 5.25 Petróleos de Venezuela SA PDVSA 9¾ 05/17/35 4.5 5.5 Petróleos de Venezuela SA PDVSA 5½ 04/12/37 4.5 5.5 *Indicative price for position with institutional size only. For smaller sizes please call desk. Ethiopia