Venezuela's global bonds jumped on Monday after the government passed a measure that restricts supply of hard currency for foreign travel, potentially improving the OPEC nation's capacity to pay debt amid concerns about a potential default. A resolution published on Friday limits the amount of dollars that Venezuelans can receive at a preferential exchange when traveling abroad. One Wall St. analyst said that could save $2.8 billion in hard currency in 2015.
The benchmark Global 2027 bond was up 3.631 points to a price of 47.783 and a yield of 21.383 percent. The Global 2025 issue was up 3.350 points to a price of 40.690 and a yield of 23.053 percent.
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