US Court Validates Venezuelan Bonds, Impacting Citgo and PDVSA

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Source: Reuters
US Court Validates Venezuelan Bonds, Impacting Citgo and PDVSA
Photo: Reuters
TL;DR

A U.S. judge upheld the validity of Venezuelan state oil company PDVSA's 2020 bonds, which are secured by a stake in Citgo, amid ongoing legal disputes and an auction process for Citgo's assets, impacting the future of the U.S. refiner and its creditors.

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