‘Lost Cause’ Company Bond Doubles Amid Venezuela All-Out Rally
A defaulted bond issued by an old Venezuelan power company and long regarded as a lost-cause by investors has almost doubled in value this year as investors look for ways...
By Nicolle Yapur, Zijia Song · Bloomberg Markets
A defaulted bond issued by an old Venezuelan power company and long regarded as a lost-cause by investors has almost doubled in value this year as investors look for ways to profit from Venezuela’s new-found rapport with the US.