ISDA to reconvene over Venezuela’s PDVSA bond on Monday

The logo of the Venezuelan state oil company PDVSA is seen at a gas station in Caracas
The logo of the Venezuelan state oil company PDVSA is seen at a gas station in Caracas, Venezuela March 2, 2017. Picture taken March 2, 2017. REUTERS/Carlos Garcia Rawlins

November 10, 2017

CARACAS (Reuters) – A committee of derivatives industry group ISDA will reconvene on Monday to discuss whether Venezuelan state oil company PDVSA has triggered a credit event through a late payment of its 2017N bond, ISDA said on its website on Friday.

(Reporting by Davide Scigliuzzo in New York, writing by Brian Ellsworth; Editing by Chizu Nomiyama)