Petroleos de Venezuela, S.A.

Event Publicly Available Information:

2017 Notes issued by the reference entity matured on November 2nd 2017 with a principal payment due. As of the end of the CDS grace period, the principal payment has not been received.

Reuters
Bloomberg

Bloomberg Nov 9 Article

Upcoming DC Meetings
This Event
- No meetings scheduled
All Meetings
- Intrum AB November 26, 2024 2:00 PM (GMT)
Additional Information

Issue Number:

2017110801

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 12:15pm EST
- Ongoing
  
  DCDecision11132017
  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
- Ongoing
  
  DCDecision11102017
  November 10, 2017: The Americas DC met on Friday, November 10, 2017, to discuss whether a Failure to Pay Credit Event had occurred with respect to Petroleos de Venezuela, S.A. The DC agreed to reconvene on Monday, November 13, 2017, at 12 pm (New York time) to continue the discussion of whether there is adequate Publicly Available Information to answer the submitted question.
  11/10/2017 12:05pm EST
- Request Accepted by DC
  
  11/08/2017 05:35pm EST
- Pending DC Consent
  
  11/08/2017 01:20pm EST