Sentences with phrase «sweetened bond swap»
The government has suspended a recall referendum drive against hapless President Maduro even as it tries to entice creditors of ailing state oil firm PDVSA to accept a sweetened bond swap.
https://www.breakingviews.com/ Not exact matches
State oil company Petroleos de Venezuela, commonly known as PDVSA, on Sept. 26 sweetened terms of a debt swap, offering to exchange more bonds maturing in 2020 for $ 5.3 billion worth that mature in 2017 after investors balked at an earlier $ 7.1 billion one - for - one proposal.