(Bloomberg) -- Venezuelan bonds surged after a
Caracas-based newspaper reported that the government is
considering buying back debt that contains clauses requiring it
to remain a member of the International Monetary Fund.
The government's 9 1/4 percent dollar bonds due in 2027
jumped 1.25 cents on the dollar to 110.6 cents after Reporte
cited Labor Minister Jose Ramon Rivero as saying that the
government may buy back the bonds containing the clause to allow
it to withdraw from the IMF without defaulting.
Read more at Bloomberg Emerging Markets News
Caracas-based newspaper reported that the government is
considering buying back debt that contains clauses requiring it
to remain a member of the International Monetary Fund.
The government's 9 1/4 percent dollar bonds due in 2027
jumped 1.25 cents on the dollar to 110.6 cents after Reporte
cited Labor Minister Jose Ramon Rivero as saying that the
government may buy back the bonds containing the clause to allow
it to withdraw from the IMF without defaulting.
Read more at Bloomberg Emerging Markets News
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