HALISTER1: Venezuela ‘Can’t Keep Pulling Rabbits Out of Hat’ on Debt: Khan

Venezuela ‘Can’t Keep Pulling Rabbits Out of Hat’ on Debt: Khan

(Bloomberg) -- Venezuela can’t keep working miracles to pay its debt, but it’s possible for the nation to scrape through 2017 without a default, AllianceBernstein portfolio manager Shamaila Khan says at Debtwire summit in New York.
  • Favors Venezuelan bonds relative to other LatAm nations given current prices
  • PDVSA’s Citgo collateral “has a lot of value,” although it may not be as high as mentioned in debt exchange, Daniel Sensel, senior analyst at Warlander Asset Management, says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PDVSA VC (Petroleos de Venezuela SA)

People
Shamaila Khan (AllianceBernstein LP)
Daniel Sensel (Warlander Asset Management LP)

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