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Friday, July 7, 2017

Venezuela's PDVSA Is Said to Plan Investor Calls Next Week


Venezuela’s state oil company, one of the most distressed credits in emerging markets, hired BancTrust & Co. to help arrange calls with investors, according to a person with direct knowledge of the matter. The calls with Petroleos de Venezuela SA officials including Chief Financial Officer Simon Zerpa, set to begin July 10, are meant to improve communication with bond investors and will be invitation-only to some of the company’s biggest creditors and emerging-market funds, said the person. While the company has no immediate plans to sell debt, it may weigh a benchmark offering of senior unsecured dollar notes after the calls, the person said. More…

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