Venezuela Creditor Group Said to Mull Hiring Financial Adviser
Pedestrians look over the Simon Bolivar Towers, center right, and National Assembly building, center left, in Caracas.
Source: BloombergA group of private creditors holding Venezuela bonds has started the process to hire a financial adviser as it ramps up efforts to kick off a $60 billion debt restructuring, according to people familiar with the matter.
The Venezuela Creditor Committee started hearing proposals this week from several advisers, including Houlihan Lokey and Ankura Consulting Group LLC, said the people, who asked not to be identified discussing private talks. The group may make a decision as soon as next week, according to one of the people.