Venezuela state oil company announces $842 million bond payment

PDVSA reports that bank transfers corresponding to the principal payment of the PDVSA 2020

Venezuela's state oil company PDVSA said Friday it had begun paying $842 million in partial repayment of a debt bond maturing in 2020.

"PDVSA reports that bank transfers corresponding to the principal payment of the PDVSA 2020 bond have already been initiated for a total amount of USD 841.88 million to the accounts of the J.P. Morgan bank," the oil company said in a statement.

Source:AFP