Venezuela Starts Sovereign, PDVSA Debt Overhaul; Liabilities Seen Above $150 bln

By Rodrigo Campos May 13 (Reuters) – Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting ​bond prices, as it seeks relief from what it called unsustainable obligations. In a statement, ‌the government said the “comprehensive and orderly” overhaul would cover both sovereign debt and that … Read more