Investors Trapped as Venezuela Sanctions Halt Bond Trading
- Trading of Venezuelan debt came to a standstill Monday after the Trump administration updated its sanctions guidelines on transactions tied to Nicolas Maduro’s regime. Bondholders at nine investment firms and hedge funds from New York, Miami, London and Berlin said they had stopped trading sovereign notes and debt from the state oil giant Petroleos de Venezuela after the U.S. Treasury Department issued instructions they interpreted as forbidding most transactions. Mutual funds and exchange-traded funds that are U.S. persons “may not buy, ...
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