These 30-Cent Bonds Are Barclays's Top Pick in Venezuela Default
- Sinking oil prices deepen speculation Venezuela will default
- PDVSA bond buyers may recoup as much as 71 cents on the dollar
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The latest dive in oil prices has become a stark reminder of how perilously close to default Venezuela is in the eyes of debt investors.
Not only have the country’s bonds plunged deeper into distress, but the longer-term debt of its state-owned crude producer has plummeted as low as 30 cents on the dollar.