In 48 hours, the world's largest oil reserve is likely to default!2017-10-26 18:33:19 426 ℃
According to foreign media Zerohedge reports, Venezuela default has entered the countdown". As of last weekend, Venezuela failed to repay the debt of $237 million, had also failed to pay in the earlier this month due to the $350 million debt interest, which makes the total outstanding debt of $587 million.
Venezuela is the world's largest crude oil reserves country. In 2014, oil prices plummeted from $100 / barrel to $30 per barrel, which led to Venezuela's "debt taking" life, and the bond market generally believed that Venezuela would face a debt default.
Venezuela's maturing debt, data sheet source Peng Bo
Merrill Lynch sovereign debt analyst Jane Brauer said:
"With the delay of coupon payments, the possibility of Venezuela's short-term default will increase significantly. The $842 million debt owed by the Venezuelan oil company (PDVSA) will expire on Friday, and there is likely to be a default.
The payment is not typical bond repayment, without an additional 30 day grace period. The $1 billion 100 million debt due in November 2nd has no 30 day grace period. "
Brauer said that in the past, Venezuela's debt repayment has been in a similar state of uncertainty, before the payment of huge debt, bond prices plummeted.
Venezuela has shown that debt repayment is a challenge, as well as redefining the concept of "on time" payment, which means that "payment on time" means "at the end of the grace period"".
Now, the latest debt maturity date is this Friday, which means that in less than 48 hours, unless Venezuela can repay $842 million, it will face a breach of contract.
Guess you like
- 2017-12-2722 years ago, why did not understand the technology of Ma Yun, why insisted on the choice of Internet entrepreneurship?
- 2017-12-27Just now, Geely has become the largest shareholder in Volvo group.
- 2017-12-27State Council: the environmental tax law will be implemented as a local income from January 1st next year
- 2017-12-27The Chinese banking industry announces the truth! In the next three years, 3 million 500 thousand people will be in great change!
- 2017-12-27As of January 1st, VAT is levying over 100 trillion management products. These changes are related to your investment.
- 2017-12-278 million "swallowing" 3 billion 500 million yuan market value of listed companies! Do you understand the leverage game of capital brokers?
- 2017-12-27After 7 years' imprisonment in a white hat, revenge, tragic predators will usher in the Commission Gao Ying Gu Chujun, innocent of the crime
- 2017-12-27Crack industry "top secret": medium grain oil "double open" edible oil formula
- 2017-12-27Bank financing will no longer be guaranteed.
- 2017-12-26Foreign media: the first blow of the dollar against the US dollar oil system is about to collapse
- Russia is also connected with steel production to Russia
- Bank financing will no longer be guaranteed.
- Should the younger generation be in debt to buy a house?
- Bus online drop! The general manager has lost the Union for more than half a month, and the family name has been reported to be reported to have been reported
- "The most strict year of history" supervision year! The Central Committee decided to guard this risk first in 2018
- A shares have entered the inactivation period
- Wonderful new shares 100 yuan mengsui! 40 thousand the shareholders will not sell them, and the profit of the account is less than 15000
- 300 billion to enter the market, the stock market hopes to come?
- On the property market in 2018, the Central Committee has a new statement.
- International oil price opening and rising mode, oil prices are expected to be raised in some parts of the country