Venezuela’s Government Seeks to Revive Moribund Debt Talks

The government of Venezuelan President Nicolas Maduro is approaching some of the nation’s creditors in a bid to lay the groundwork for a debt deal should sanctions ease after next month’s U.S. election, Bloomberg News reported. His team has convened phone calls with local bondholders in the past few weeks, as well as those from Colombia, Argentina and Europe, according to people familiar with the matter. Prominent investors such as Boston-based Fidelity Investments; Goldman Sachs Group Inc. and BlackRock Inc. in New York; and Newport Beach, California-based Pacific Investment Management Co. aren’t included in the talks due to restrictions imposed by the Trump administration. Spokespeople at those companies declined to comment. Read more

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