Judge who validates $20 billion in Venezuelan bonds reveals why Citgo bidders are scrambling
Key Points
- U.S. Judge validates PDVSA's 2020 bonds, further entrenching...
When your state oil company defaults and sanctions pile up like unpaid parking tickets, apparently the solution is to let American judges sort out your mess. That's exactly what happened when U.S. District Judge Katherine Polk Failla decided that PDVSA's 2020 bonds are perfectly valid, thank you very much.
Bond Validation: Like Getting Your Parking Validated, But Worth Billions
These aren't your grandmother's savings bonds. PDVSA's 2020 bonds are backed by a majority stake in Citgo, which has become the financial equivalent of the last slice of pizza at a trader's meeting - everyone want...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.