Nothing spells ‘endgame’ like a distressed authoritarian government, with its legitimacy rapidly vanishing in the eyes of the international community, trying and failing to plunder its nation’s riches one last time.
Prices and trading volumes in VENZ/PDVSA bonds are spiking in tandem with Juan Guaidó's bold move towards regime change. Against all odds, the Venny Bulls are back!
Strange things are happening in Venezuela’s parallel foreign exchange market. We delve into the dark depths of bolivar-dollar unregulated trading to understand what’s going on.
The Maduro administration defaulted on the USD 650M payment of Electricidad de Caracas’ 2018 bonds due on April 10, as expected by the market. However, PDVSA 6% 22 bond coupons due since October were released to investors. State media and officials remain in full blackout mode.
The perennial conflict between individual incentives and the common good is the most pressing issue studied by contemporary social sciences. It’s also key to understanding how our country became a mess.
The BCV revamped and refreshed the look and feel of its online platform, but opacity, secrecy and misconduct in madurismo’s economic policies haven’t changed one bit. You have been warned.
PDVSA bondholders, US energy firms, the Russians, Crystallex, and now a Swiss commodities trader… everybody wants dibs on CITGO, the most valuable Venezuelan asset abroad.
In 2017, some of the most brilliant people in the investment community, in El Rosal and Wall Street alike, fell for a trap that undid them. How a reckoning came to Venny Bull world.
A seemingly endless flow of terrible headlines suggesting Miraflores is as close to bankruptcy as ever capped off a payment delay on the VENZ 2027 coupon. And the Venny Bulls laugh through it all on a blend of optimism and cynicism.
The Trump administration is considering a ban on some or all Venezuela/PDVSA bond trading, and now bondholders are leaving the market while they still can.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
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