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  • Sep 23rd, 2017
  • Comments Off on Venezuela says it has paid 2027 bond coupon
Venezuela said on Wednesday it had transferred funds for a payment due last week on its sovereign bond maturing in 2027, and reiterated pledges to honour all debt commitments following reports that the coupon payment was delayed. Venezuela is facing further complications in moving funds through the global financial system following several rounds of sanctions by Washington. But it has been continuing to make efforts to service its debt, despite a crippling economic crisis resulting from the steady collapse of its socialist system.

"The payment of the coupon VENZ2027 (9.25%) was made on the value date to the corresponding financial institutions," the National Office of Public Credit, which is overseen by the finance ministry, said in a posting on Twitter.

"We call on our investors to maintain confidence in the Republic. Venezuela honours its commitments." The National Office of Public Credit did not name any financial institutions. But it noted that there had been "changes to the capacity of financial transfers to become liquid," without explaining the changes or what had caused them.

Two bondholders told Reuters they had not yet received payment on the Global 2027 bond. The $185 million coupon was due on Friday. It was not immediately evident where the funds where.



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