Republic of Venezuela VENZ 11.95 08/05/31 9.5 11

 

Venezuela

PDV Holding mulls opening communications with Tenor Capital over the Crystallex lawsuit.

On a webcast last week, the chairman of PDVSA's ad hoc Board of Directors provided updates on a number of issues impacting the company and its subsidiaries, according to Bloomberg. The USD 1.2bn arbitration case Crystallex v. Venezuela, which is related to the nationalization of a gold deposit in Venezuela carried out in 2011 under the late Hugo Chavez's administration, is being discussed by PDV Holding, according to Medina.  Investment firm Tenor Capital Management is one that PDV Holding is thinking about corresponding with.

Judge from Delaware answers to Venezuela's request to have the Special Master removed.

In a memorandum decision last week, Delaware District Judge Leonard Stark addressed Venezuela's attempt to have the Special Master removed from the case of Crystallex v. Venezuela. The court ordered the parties to submit more material after reading their papers, according to Judge Stark's memorandum. The additional briefing will cover a number of topics, including whether Judge Stark's own recusal is warranted by the same reasoning that disqualifies the Special Master, whether any party is asking for Judge Stark to be removed, and whether any party is asking for an evidentiary hearing to resolve a factual dispute regarding an email exchange between the Special Master and a Venezuelan official.

 

Issuer	Ticker	Bid	Ask
Republic of Venezuela	VENZ 13 ⅝ 08/15/18	9	10
Republic of Venezuela	VENZ 7 12/01/18	7.5	8.5
Republic of Venezuela	VENZ 7¾ 10/13/19	7.5	8.5
Republic of Venezuela	VENZ 6 12/09/20	7.5	8.5
Republic of Venezuela	VENZ 12¾ 08/23/22	9.5	11
Republic of Venezuela	VENZ 9 05/07/23	8.5	9.5
Republic of Venezuela	VENZ 8¼ 10/13/24	8.5	9.5
Republic of Venezuela	VENZ 7.65 04/21/25	8.5	9.5
Republic of Venezuela	VENZ 11¾ 10/21/26	9.5	11
Republic of Venezuela	VENZ 9 ¼ 09/15/27	9.5	11
Republic of Venezuela	VENZ 9¼ 05/07/28	9.5	11
Republic of Venezuela	VENZ 11.95 08/05/31	9.5	11
Republic of Venezuela	VENZ 9 3/8 01/13/34	9	10
Republic of Venezuela	VENZ 7 03/31/38	8.5	9.5
Republic of Venezuela	ICSID Claims	Call desk for Prices
Petróleos de Venezuela SA	PDVSA 8½ 10/27/20	22	24
Petróleos de Venezuela SA	PDVSA 9 11/17/21	4.5	5.5
Petróleos de Venezuela SA	PDVSA 12¾ 02/17/22	4.5	5.5
Petróleos de Venezuela SA	PDVSA 6 10/28/22	3	4
Petróleos de Venezuela SA	PDVSA 6 5/16/24	4.5	5.5
Petróleos de Venezuela SA	PDVSA 6 11/15/26	4.5	5.5
Petróleos de Venezuela SA	PDVSA 5⅜ 04/12/27	4.5	5.5
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.