The bond trustee for Venezuela’s state oil company is keeping investors in the dark about the status of a critical payment that was due Oct. 27, Bloomberg News reported. Mitsubishi UFJ Financial Group, the trustee on the notes maturing in 2020, has been telling investors that it won’t provide any information about the status of their funds until it issues a statement as soon as today or tomorrow, according to people with knowledge of the matter, who asked not to be identified because the conversations were private.

Investors are getting mixed signals as Venezuela stares down billions of dollars in debt obligations over the next few weeks, Bloomberg News reported. Although PDVSA said it paid an $842 million principal payment on its 2020 bonds due last Friday, the money has yet to materialize in the accounts of bondholders. Another $1.2 billion payment looms on Thursday. And to top it off, the clock is ticking on more than half a billion dollars in debt from the state oil firm and Nicolas Maduro’s government that are in a 30-day grace period.

The two largest groups of Oi SA bondholders have agreed to inject more cash into a proposed restructuring of the Brazilian telecom’s debt, two people familiar with the matter said on Friday, in the latest twist in Latin America’s biggest-ever bankruptcy, Reuters reported.

Venezuela’s state-run oil company said it transferred the funds to make an $842 million principal payment on its bonds due Friday, overcoming the first of many hurdles the country will face in coming days as it seeks to avoid sinking into default, Bloomberg News reported. The announcement spread a sense of relief to investors in the bond market, who drove up Venezuelan asset prices across the board Friday. A second big payment is due Nov. 2, and the country’s decision to disburse the cash for today’s payment indicates that it likely intends to meet that one too.

The risk of a government intervention in bankrupt telephone group Oi SA has subsided after shareholders gave assurances they would not change its current managers, Brazil’s telecoms regulator Anatel said on Thursday. “Intervention is no longer imminent,” Anatel chief Juarez Quadros told reporters. He said shareholders had sent the company emails assuring its managers that “at no time” had they or the board of director considered replacing them, Reuters reported. Brazil’s Solicitor General Grace Mendonça also said intervention of the debt-laden carrier was the last thing it had in mind.

Venezuela’s state oil company has a hefty payment due Friday and the lack of any signs or comments about the funds being transferred has the market in a late stage of panic, Bloomberg News reported. PDVSA’s dollar bonds tumbled more than four cents with yields on notes due 2020 jumping more than 2 percentage points to 17.3 percent. The probability of PDVSA defaulting on its debt over the next year has jumped to 79 percent with the odds over the next five years at 99 percent, according to credit default swap trading. Venezuela is already two weeks late on coupons for a slew of other bonds.

The former chief executive officer of Venezuela’s state run-oil company said it will make debt payments this year and next, even as he acknowledged the crude producer is struggling with cash-flow and operational issues, Bloomberg News reported. The company has “all the resources to honor its liabilities,” Rafael Ramirez, who is now Venezuela’s ambassador to the United Nations, said in an interview in New York.

Brazilian phone carrier Oi SA faced two setbacks from the government on Monday in its efforts to pull off the country’s biggest-ever in-court debt restructuring, Reuters reported. Brazilian telecoms regulator Anatel rejected the company’s request to swap billions of reais in regulatory fines for new investments. Anatel said in a statement that the “unsatisfactory” progress of Oi’s reorganization, now in its 16th month, raised doubts about the company’s ability to honor investment commitments resulting from a fine-for-investment swap.

Ever since the price of oil collapsed in mid-2014, there’s been a broad consensus among the bond-market crowd that Venezuela was going to default. Not immediately, they said, but at some point down the road. Three years on, that time may have arrived, Bloomberg News reported. On Friday, the government-run oil giant PDVSA owes $985 million. Six days later, it’s on the hook for another $1.2 billion. Not only is that a daunting sum for a country whose foreign-currency reserves recently dipped below $10 billion for the first time in 15 years, but it figures to be a logistical nightmare too.

The judge overseeing phone carrier Oi SA’s bankruptcy case agreed on Friday to give creditors and the company more time to reconcile competing restructuring proposals, 16 months into Brazil’s largest in-court reorganization, Reuters reported. The judge, Fernando Viana, acted on a request filed on Thursday by several creditor groups including state-owned banks and bondholders, court documents showed. A creditors’ meeting to vote on a Oi restructuring plan had been scheduled for Monday, but Viana postponed it until Nov. 6.