(Reuters, 25.Aug.2021) — Venezuela’s socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a possible model for future deals, as it seeks to mend ties with creditors, four people familiar with the operation said. Such debt-for-equity swaps are common […]
Tag: Refidomsa
PDVSA Cedes Stake In Refidomsa Refinery
(Reuters, 19.Aug.2021) — Venezuelan state oil company PDVSA has given up its 49% stake in a Dominican refinery as part of a swap for some of its defaulted bonds, the Dominican Republic’s finance ministry and Venezuela’s oil minister said in statements on Thursday. The transaction represents a small breakthrough between […]