Templeton Loses Last Shot at Payments on Venezuela Warrants
- Venezuela crude basket slumped to a two-decade low this month
- Last of biannual payments on zero-coupon notes due Wednesday
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Franklin Templeton and other investors in obscure Venezuelan oil warrants just lost their last, lingering hope of a scheduled payment.
The zero-coupon notes, sold three decades ago, were supposed to pay their final biannual installment today. Except, of course, they didn’t.