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Jan 3, 2018

Never Mind the Defaults, Venezuela Has Made Many Bondholders Rich

The Wall Street Journal reported that although Venezuela’s bonds have lost three-quarters of their value, some investors have made their money back – and more.  Some bondholders are holding onto their investments in the hope that the government will make some of its payments.  Wilk Auslander’s Jay Auslander said:  “The payments are coming late, but they’re coming,  It’s better to bide your time and wait than to get involved in litigation that could take years.”

Jay S. Auslander
Jay S. AuslanderPartner +1.212.981.2338

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