Venezuela’s Machado Would Restructure Debt Into Single Bond
- Frontrunner would toll statute of limitations on bonds
- Machado supports eventually offering oil warrants to investors
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Opposition frontrunner María Corina Machado said she would seek to roll Venezuela’s massive debt pile into a single bond as part of her plan to overhaul the country’s economy.
Speaking after a video presentation to economists and investors in New York on Tuesday, Machado said if she wins office next year holders of defaulted government and state oil company notes would all be treated equally and given the chance to swap their debt for a new super bond.