Venezuelan President Threatens Legal Action Over JPMorgan’s “Campaign Of Terror”

Pdte. @NicolasMaduro: Tras la arremetida contra Venezuela y @PDVSA est el Citibank, los medios de comunicacin y el Gobierno de los EE. UU. pic.twitter.com/GOWzhZ1E8L
— CancilleraVenezuela (@vencancilleria) November 22, 2016

Following last night’s news that Venezuela’s state-owned oil company PDVSA had missed payments on several bond coupons, the company has categorically rejected the false accounts published in the media arguing that the payments were “in effect, sent to Citibank and then JPMorgan comes out with that totally false information this afternoon.” Del Pino raged that Citibank deliberately delayed payments from PDVSA as part of a ‘campaign of terror’ against the company and Venezuelan President Maduro is looking into legal action against JPMorgan over their report.
As we detailed overnight, PDVSA in October swapped $2.8 billion in bonds due in 2017 for new bonds maturing in 2020… but that bounce is now dead…

This post was published at Zero Hedge on Nov 22, 2016.