South America

Results for South America

Petrobras, Sete Brasil Pick Mediator In Legal Dispute

against 18 billion reais ($5.7 billion) of debt, Reuters reported. In a Thursday securities filing, ... against 18 billion reais ($5.7 billion) of debt, Reuters reported. ...

Daily Headline - global.abi.org - 09/21/2017 - 22:21 - 0 comments

Brazil Cancels Abengoa's Power Transmission Licenses

Brazil’s Mines and Energy Ministry has canceled nine licenses to build transmission lines that had been granted to Spain’s Abengoa SA after the company abandoned construction works in 2015, a senior official said on Wednesday. The decision formalizing ca ...

Daily Headline - global.abi.org - 09/20/2017 - 19:11 - 0 comments

Venezuela Said to Be Late on $185 Million Sovereign Bond Payment

Venezuela, one of the world’s riskiest countries for investors, is late on a debt payment, Bloomberg News reported. The intermediaries tasked with passing along interest payments for the cash-strapped nation haven’t received the funds for an $185 million ...

Daily Headline - global.abi.org - 09/20/2017 - 19:13 - 0 comments

Venezuela Bond Bull Says Sanctions May Keep Maduro Paying

One of the largest holders of Venezuelan bonds says U.S. sanctions are giving Nicolas Maduro’s government greater incentive to pay its debts. The penalties imposed late last month restrict the country’s ability to restructure its obligations, meaning the ...

Daily Headline - global.abi.org - 09/11/2017 - 17:33 - 0 comments

Venezuela Asks to Restructure Russian Debt

$500m in interest payments, taking the total outstanding to $5.7bn, plus $300m in unpaid accrued ...

Daily Headline - global.abi.org - 09/10/2017 - 17:40 - 0 comments

For Venezuela’s True Believers, the Ultimate Risky Bet Beckons

For years, investors in Venezuela and its state oil company, Petroleos de Venezuela SA, took comfort knowing that in the event of a default, there’d be assets they could potentially seize to recoup some of their losses, Bloomberg News reported. But for b ...

Daily Headline - global.abi.org - 09/10/2017 - 17:40 - 0 comments

Oi's Brazil License Rift to Slow Debt Talks

A move by Brazil’s telecommunications industry watchdog to analyze whether to remove Oi SA’s operating license will further complicate Latin America’s largest-ever bankruptcy protection case, now in its 15th month, a person with knowledge of the matter s ...

Daily Headline - global.abi.org - 09/04/2017 - 20:32 - 0 comments

Venezuela Dollar Bonds Test New Lows

Venezuela’s dollar bonds are testing all time lows as President Nicolas Maduro plots how to respond to new U.S. sanctions and revive an economy in shambles. The country’s $4 billion of benchmark notes due in 2027 declined 4.6 percent in August to 39.65 cents on the dollar, just 7 cents away from ...

Daily Headline - global.abi.org - 09/04/2017 - 20:34 - 0 comments

Venezuelan Bonds Get Harder to Trade Thanks to Sanctions

U.S. sanctions imposed on Venezuela last week put limits on new debt from the country. But the Treasury Department’s move is having broader consequences in the bond market, where brokers taking a cautious stance are limiting trades in existing notes. Dep ...

Daily Headline - global.abi.org - 08/31/2017 - 22:23 - 0 comments

Venezuela Cut Deeper Into Junk by Fitch on `Probable' Default

The world’s riskiest credit continued its downward spiral after Fitch Ratings lowered Venezuela’s grade deeper into junk, saying additional U.S. sanctions increase the probability of non-payment. Fitch reduced the nation’s long-term foreign and local cur ...

Daily Headline - global.abi.org - 08/30/2017 - 20:50 - 0 comments

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