Petróleos de Venezuela, S.A.

Event Publicly Available Information:

As of November 13, 2017, the grace periods expired on Petroleos de Venezuela SA’s bonds due 2027. According to the information on Petroleos de Venezuela SA bond maturing in 2027 (ISIN XS0294364954) obtained from the Bloomberg terminal service, payment was not made on 10/12/2017 and the grace period expired 10/12/2017.

Redd Intelligence Article
Fitch Article

Borsa Notice

S&P Notice

Debtwire Article

Prospectus


Auction Timeline	Common Event Determination Date: Wednesday, November 15, 2017 Auction Date: Wednesday, December 13, 2017 Auction Settlement Date: Monday, December 18, 2017

Deliverable Obligations	Final List Submission of Potential Deliverable Obligations and Challenges

Auction Settlement Terms	Final Auction Settlement Terms Blackline against Toys “R” Us, Inc.

List of Participating Bidders	List of Participating Bidders

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

Issue Number:

2017111402

Submitted by:

General Interest Question

Category:

Credit Event

Coverage Election:

2014 and 2003 Definitions

Status:

Closed

Outcome:

Question Decided
Procedural History
- Closed
  
  1/10/2018 03:50pm EST
- Final List Published
  
  Final List
  12/11/2017 05:00pm EST
- List of Participating Bidders Published
  
  List of Participating Bidders
  12/11/2017 10:55am EST
- Final Auction Terms Published
  
  Final Auction Settlement Terms for Petróleos de Venezuela, S.A
  12/08/2017 03:30pm EST
- Ongoing
  
  December 7, 2017: The DC met to continue discussions on the Petróleos de Venezuela, S.A. CDS Auction. The DC anticipates the publication of the final auction settlement terms on Friday, December 8, 2017.
  12/07/2017 05:05pm EST
- Supplemental List Published
  
  Supplemental List
  12/07/2017 05:05pm EST
- Ongoing
  
  December 5, 2017: The DC met to continue discussions on the Petróleos de Venezuela, S.A. CDS Auction. The DC agreed to reconvene on Wednesday, December 6, 2017, at 2:30pm to continue discussions regarding the Auction.
  12/05/2017 04:00pm EST
- Initial List Published
  
  DCDecision12052017
  12/05/2017 11:55am EST
- Ongoing
  
  December 4, 2017: The DC met to continue discussions on the Petróleos de Venezuela, S.A. CDS Auction. The DC agreed to reconvene on Tuesday, December 5, 2017, at 11:00am to continue discussions regarding the Auction.
  12/04/2017 04:10pm EST
- Ongoing
  
  December 1, 2017: The DC met to continue discussions on the Petróleos de Venezuela, S.A. CDS Auction.
  12/01/2017 04:15pm EST
- Auction Information Published
  
  DCDecision11302017
  11/30/2017 05:25pm EST
- Ongoing
  
  November 28, 2017: The DC met to continue discussions on the Petróleos de Venezuela, S.A. CDS Auction. The DC agreed to reconvene on Wednesday, November 29, 2017, at 2:30pm to continue discussions regarding the Auction.
  11/28/2017 04:55pm EST
- Ongoing
  
  November 27, 2017: The DC met to continue discussions on the Petróleos de Venezuela, S.A. CDS Auction. The DC agreed to reconvene on Tuesday, November 28, 2017, at 2pm to continue discussions regarding the Auction.
  11/27/2017 04:10pm EST
- Ongoing
  
  DCDecision11212017
  DC Statement 11212017
  11/21/2017 05:15pm EST
- Ongoing
  
  November 20, 2017: The DC met to continue discussions on the Petróleos de Venezuela, S.A. CDS Auction. The DC agreed to reconvene on Monday, November 27, 2017, to continue discussions regarding the Auction.
  11/20/2017 05:55pm EST
- Ongoing
  
  DCDecision11172017
  11/17/2017 04:15pm EST
- Ongoing
  
  DCDecision11162017
  November 16, 2017: The Americas DC resolved to combine all three Credit Event questions with respect to Petroleos de Venezuela, S.A and resolved that a Failure to Pay Credit Event had occurred with respect to Petroleos de Venezuela, S.A. A more detailed analysis will be forthcoming. The DC agreed to reconvene on Monday, November 20, 2017, at 3 pm (New York time) to continue the discussion regarding an Auction.
  11/16/2017 04:15pm EST
- Request Accepted by DC
  
  DCDecision11152017
  11/15/2017 11:45am EST
- Request Accepted by DC
  
  11/15/2017 11:35am EST
- Pending DC Consent
  
  11/14/2017 02:40pm EST