(Bloomberg) -- Venezuela's dollar bonds rose the most in more than a week after a Caracas-based newspaper reported that President Hugo Chavez has scrapped plans to withdraw from the International Monetary Fund.
Weekly newspaper Descifrado, citing a government official it didn't identify, reported Chavez will keep Venezuela in the IMF to avoid a possible bond default. Pulling out of the IMF could trigger a default clause in many of the countries' dollar bond contracts that would allow investors to demand immediate payment of principal.
Read more at Bloomberg Bonds News
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