Venezuela creditors recoil at proposed Caracas bondholder meeting

Creditors reeling from Venezuelan President Nicolas Maduro’s recent debt restructuring announcement are balking at his proposal to kick off the talks in Caracas, citing U.S. sanctions and security fears. Last week Maduro invited creditors to a Nov. 13 meeting in the country’s capital to discuss restructuring of some $60 billion in Venezuelan bonds, and put Vice President Tareck El Aissami, accused by the United States of dealing drugs, in charge of the effort. For U.S. creditors, El Aissami’s very presence may mean that their attendance would be illegal under government sanctions, the U.S. Treasury said on Wednesday. More…