In Default on $154 Billion of Debt, Venezuela Is Ready to Talk bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Venezuela’s opposition is finalizing an agreement with international creditors to extend a legal deadline on $60 billion of defaulted bonds that threatened to trigger an avalanche of litigation, according to people with knowledge of the plan. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Bac
Venezuela will push back a legal deadline on $60 billion of defaulted debt in a bid by President Nicolás Maduro to prevent creditors from filing a wave of lawsuits while he attempts to regain recognition from the US.