Venezuela congress to weigh 2020 PDVSA bond payment next week

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Venezuela congress to weigh 2020 PDVSA bond payment next week
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Venezuela's opposition-controlled National Assembly expects to vote on maki...

CARACAS - Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s ad-hoc board of directors said.

Alejandro Grisanti, an economist appointed to the ad-hoc PDVSA board by the National Assembly last week, said the board was “sparing no effort” to make the payment on PDVSA’s 2020 bond, which is backed by half the shares in Cigto. “We are working on making that decision,” Guaido told Reuters on Friday, referring to the interest payment.

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