• Contact
Credit Derivatives Determinations Committee
  • Active DC Requests
  • About Determinations Committees
  • All DC Requests
  • SRO/POB Resolutions
  • Submit a Request
  • Home
  • All DC Requests
  • Petróleos de Venezuela, S.A.

2017111301

Credit Event

Petróleos de Venezuela, S.A.

Event Publicly Available Information:

Please see attached pdf.

Description
Reuters Nov 9th Article

  • Upcoming DC Meetings

    • This Event
    • All Meetings

    This Event

    • No meetings scheduled

    All Meetings

    • No upcoming meetings
  • Additional Information

    Issue Number:

    2017111301

    Submitted by:

    General Interest Question

    Category:

    Credit Event

    Coverage Election:

    2014 and 2003 Definitions

    Status:

    Closed

    Outcome:

    Question Decided

  • Procedural History

    • Closed

      This DC question has been combined into DC Question, Issue Number 2017111402.

      11/16/2017 04:20pm EST
    • Ongoing

      DCDecision11142017

      November 14, 2017: The Americas DC met on Tuesday, November 14th, to continue the discussion of whether a Failure to Pay Credit Event had occurred with respect to Petroleos de Venezuela, S.A.  While the DC works to obtain clear information regarding the timing of payments made to the paying agent, as required to discharge the issuer’s obligations under the indenture, the DC has resolved to postpone holding a binding vote on this question. Market participants may submit any relevant Publicly Available Information to the DC Secretary. The DC agreed to reconvene on Thursday, November 16, 2017, at 2 pm (New York time) to continue the discussion.

      11/14/2017 12:25pm EST
    • Ongoing

      DCDecision11072017

      November 13, 2017: The Americas DC met on Monday, November 13th, to continue the discussion of whether a Failure to Pay Credit Event had occurred with respect to Petroleos de Venezuela, S.A. The DC agreed to reconvene on Tuesday, November 14, 2017, at 11 am (New York time) to continue the discussion.  The DC received additional information in a submission on Monday and has combined that information with the existing question, the question of whether a Failure to Pay Credit Event has occurred with respect to Petroleos de Venezuela, S.A. is still under consideration.

      11/13/2017 01:10pm EST
    • Request Accepted by DC

      11/13/2017 12:50pm EST
    • Pending DC Consent

      11/13/2017 09:40am EST
  • Home
  • Active DC Requests
  • About
  • All DC Requests
  • SRO/POB Resolutions
  • Submit a Request
  • Contact

© 2025 DC Administration Services, Inc.