
The Muni Lowdown
Venezuela, bonds, and muni drift
<p>Host Paul Greaves and Ben Miller, managing editor for Debtwire Latin America, speak with our guest about how Venezuela’s political shock and the CITGO sale are reshaping expectations for one of the world’s largest sovereign restructurings.</p> <p>After the January operation that led to Nicolás Maduro’s capture and Delcy Rodríguez becoming interim president, Venezuelan bonds surged into the low 40s as investors reassessed political risk and the prospects for a long‑stalled restructuring. We explore why the PDVSA 2020 secured creditors now sit at the center of negotiations and how a USD 60bn stock of default...

