Fly to Venezuela for Answers, Finance Head Tells Bondholders
- Venezuela holding meeting on Nov. 13 to discuss debt strategy
- Investors ‘have to come to the meeting’ to hear details: Zerpa
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Simon Zerpa, Venezuelan President Nicolas Maduro’s most powerful financial confidant and one of the officials tapped to help lead talks with bondholders on Monday, is keeping his poker face ahead of the crucial meeting in Caracas.
Acting as both the nation’s finance minister and chief financial officer of state-run oil firm PDVSA, Zerpa said in a rare interview late Wednesday that he doesn’t plan to share any further insight into the future of pending bond payments or strategies until the Nov. 13 meeting in Venezuela’s capital. Moody’s Investors Service called that day a “critical date” with expiring grace periods for interest payments acting as a backdrop to the meeting.