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Venezuela bondholders inch toward showdown

Friday, June 9, 2017

Venezuela misses $30 mln interest payment to CAF, enters grace period -sources

Venezuela has missed a $30 million interest payment to Latin American development bank CAF, two legislative sources said on Thursday, adding that this activates a 30-day grace period to make the payment. The OPEC member is struggling to service its heavy debt burden as its state-led socialist economy unravels under low oil prices, with bond yields among the highest of any emerging market country because of investor concerns of default. More…

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