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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