November 16, 2017 / 9:42 PM / a year ago

ISDA says Venezuela's PDVSA incurs 'credit event'

CARACAS, Nov 16 (Reuters) - The New York-based International Swaps and Derivatives Association (ISDA) said on Thursday a “credit event” had occurred due to late debt payments by Venezuelan state oil company PDVSA.

“(The committee) has voted that a failure to pay credit event has occurred in regards to Petróleos de Venezuela, S.A.,” an ISDA spokesperson said by email, confirming a decision that would trigger payment on Credit Default Swaps. (Reporting by Corina Pons; Writing by Andrew Cawthorne, Editing by Rosalba O’Brien)

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