Rothschild Said to Approach PDVSA Creditors to Form Group

  • Advisory firm querying investors about interest in bond swap
  • Rothschild believes PDVSA management open to transaction

Rothschild & Co. is approaching Petroleos de Venezuela SA bondholders in a bid to form a creditor group and draft a proposal for a voluntary swap of about $8 billion of the oil company’s short-term debt for notes with later maturities, according to people with knowledge of the matter.

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