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Andean Group - September 2016 (ISSN 1741-4466)

Pdvsa sugars bond deal

In response to an apparent lack of investor interest, the cash-strapped state oil company Petróleos de Venezuela (Pdvsa) has expanded a proposed new bond swap deal. The bigger question is for how long the company can keep kicking the can down the road, amid falling production and no sign of a recovery in oil prices.

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