(Bloomberg) -- Venezuelan President Hugo Chavez's
pledge to withdraw from the International Monetary Fund may
violate terms of the country's foreign bonds, allowing investors
to demand their money back.
Pacific Investment Management Co. and Alliance Capital
Management, the biggest holders of Venezuela's debt, are the
biggest among dozens of investors who would get a $404 million
windfall if the securities are redeemed because they own bonds
that trade below face value, according to data compiled by
Bloomberg. The country has $6.5 billion of notes that trade at a
discount among its $20 billion in foreign bonds.
Read more at Bloomberg Bonds News
pledge to withdraw from the International Monetary Fund may
violate terms of the country's foreign bonds, allowing investors
to demand their money back.
Pacific Investment Management Co. and Alliance Capital
Management, the biggest holders of Venezuela's debt, are the
biggest among dozens of investors who would get a $404 million
windfall if the securities are redeemed because they own bonds
that trade below face value, according to data compiled by
Bloomberg. The country has $6.5 billion of notes that trade at a
discount among its $20 billion in foreign bonds.
Read more at Bloomberg Bonds News
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