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Venezuela PDVSA confirms started payment on 2020 bonds principal
October 27, 2017 / 2:30 PM / in 24 days

Venezuela PDVSA confirms started payment on 2020 bonds principal

CARACAS, Oct 27 (Reuters) - Venezuela’s state oil company PDVSA confirmed on Friday it had begun payment of the principal on its 2020 bonds, saying it had transferred $841.88 million to J.P. Morgan.

Confirming the transfer already reported by Reuters, the company added in a statement that the payment highlighted PDVSA is “fully solvent” despite an “economic war” and recent U.S. sanctions against President Nicolas Maduro’s administration. (Reporting by Deisy Buitrago; Editing by Andrew Cawthorne)

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