Reuters logo
Venezuela's PDVSA prepares to meet foreign debt commitment
August 18, 2017 / 2:00 AM / a month ago

Venezuela's PDVSA prepares to meet foreign debt commitment

FILE PHOTO: A PDVSA gas station is seen next to building apartments in Caracas, Venezuela, July 25, 2017. Picture taken July 25, 2017. REUTERS/Andres Martinez Casares/File Photo

CARACAS (Reuters) - Venezuelan state oil company Petroleos de Venezuela (PDVSA) has initiated bank transfers to meet its foreign debt commitments for the month, the company said in a statement on Thursday.

    PDVSA, the main source of foreign exchange earnings for the South American country, must pay more than $3.0 billion in debts in the remainder of 2017.

    “Banking transfers corresponding to the interest on the PDVSA 2022 bond coupon of 12.75 percent for $191.3 million have already begun,” the company said. “Thus, the state shows its full solvency.”

    

Reporting by Deisy Buitrago; Editing by Leslie Adler

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below