Venezuela’s PDVSA says bond payments paid: report

Venezuela's state oil company, PDVSA, said Wednesday it has deposited funds for the payment of interest on 2024 and 2026 bonds, after three bondholders reported a delay in payment due early this week.

Company CEO Eulogio Del Pino told Reuters “the money for interest due on Monday and Tuesday has been deposited.” No further details, including the amount paid, were disclosed.

The report said investors hadn’t received the roughly $285 million expected, but were “largely confident” PDVSA would pay this week, Kallanish Energy learns.

“We’ve been told that payments will become effective between Thursday and Monday,” a local trader was quoted as saying. Another trader said he was “not at all” worried about the delay.

The cash-strapped company, which made some $2 billion bond payments last month, is due to pay some $254 million in interest on 2021 and 2035 bonds in the near future.

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