Venezuela's 2016 bond deal put 50.1% of US oil refiner Citgo's parent up as security, now a US appeals court has rejected its bid to void the debt as a separate sale plan earmarks over $2 billion for the bonds
A US federal appeals court on Tuesday upheld the validity of bonds issued by Venezuela’s state-owned oil company Petróleos de Venezuela (PDVSA) that defaulted in 2019, ruling that the transaction did not require prior approval from the country’s National Assembly.
The Times of India ·