What Can Venezuela Sell to Pay Bondholders? No One Really Knows
- Analyst estimates of access to assets range from $10b-$49b
- Country, state oil company have $14b of debt payments due
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Bank of America Corp. estimates Venezuela has assets and reserves just shy of $50 billion it could use to pay debt and imports. Barclays Plc says that assets are closer to $30 billion, while Nomura Holdings Inc. says the country only has access to $10 billion.
The wildly different estimates underscore just how hard it is to determine whether the country and its state oil company will be able to come up with the money they need to make about $14 billion of bond payments through next April.