tolling

 Re: VenezuelaMeldenZitierenBeitrag von Singa » Fr 4. Aug 2023, 20:00GOOD NEWS!!!!Tolling Agreements!!Período de prescripción de los bonos de la deuda de PDVSA y de la República será extendido por la AN de 2015Prescription period of PDVSA and Republica debt bonds will be extended by the AN of 2015https://hispanopost.com/periodo-de-pres ... n-de-2015/The legal prescription periods of the bonds issued by PDVSA and the Republic in default will be extended by the National Assembly elected in 2015, as HispanoPost learned unofficially.In this way, the period ending in October 2023 would be extended, thus preventing holders, whose debt has not been honored in the last five years, from incurring lawsuits and complicating the possible bond restructuring processes.n March of this year, the administration of Nicolás Maduro announced that it had suspended the limitation period for all debt in default. This announcement - although important - was taken with caution by international markets in view of the lack of recognition by the United States of Maduro and his government.Curiously, it is the first time that the government and the opposition agree on a measure with a view to its future consequences for the nation and for PDVSA.The idea of this measure is to stop an escalation of lawsuits that could come from the holders of titles in view of the non-payment imposed since 2018. If these judicial processes prosper, they would make it very difficult to restructure the debt of the state oil company and of the Republic for any legitimate government in Venezuela.The value of the Venezuelan debt in the markets continues to be at very low levels but the prices have been rising due to certain rumors about the intention of the Maduro administration and the opposition to put some order in this matter, after it fell in default ordered by the government and by the actions against the holders advanced by what was the interim government.