Venezuela Said to Be Late on $185 Million Sovereign Bond Payment

Venezuela, one of the world’s riskiest countries for investors, is late on a debt payment. The intermediaries tasked with passing along interest payments for the cash-strapped nation haven’t received the funds for an $185 million coupon that was due Sept. 15, according to people with knowledge of the matter. Investors interviewed by Bloomberg say they haven’t been paid, and brokers say their clients are still waiting on the cash. The government has a 30-day grace period -- now 25 days -- to make good on the payment before triggering an event of default on the notes. More…