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Dienstag, 22. August 2017

Venezuela's PDVSA prepares to meet foreign debt commitment

AUGUST 18, 2017 / 3:57 AM / 5 DAYS AGO

Venezuela's PDVSA prepares to meet foreign debt commitment

FILE PHOTO: A PDVSA gas station is seen next to building apartments in Caracas, Venezuela, July 25, 2017. Picture taken July 25, 2017.Andres Martinez Casares/File Photo
CARACAS (Reuters) - Venezuelan state oil company Petroleos de Venezuela (PDVSA) has initiated bank transfers to meet its foreign debt commitments for the month, the company said in a statement on Thursday.
    PDVSA, the main source of foreign exchange earnings for the South American country, must pay more than $3.0 billion in debts in the remainder of 2017.
    "Banking transfers corresponding to the interest on the PDVSA 2022 bond coupon of 12.75 percent for $191.3 million have already begun," the company said. "Thus, the state shows its full solvency."

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