Venezuela’s bonds are back on investors’ radar following the
Venezuela’s economy has been crippled by corruption, mismanagement and chronic underinvestment. US sanctions compounded the damage by limiting access to overseas financing and restricting oil exports, the government’s main source of revenue.
The hope among investors is that a post-Maduro government will normalize relations with Washington, sanctions will ease and foreign capital will pour back into Venezuela’s oil sector. That would make creditors more willing to strike ...