The price of Venezuelan bonds soared on Monday. Some long-term creditors met to discuss the impact of America's control of Nicolas Maduro on Venezuela's default debt of about 60 billion US dollars, and to discuss whether creditors are expected to recover some of their investments. According to several people familiar with the matter, representatives of at least 10 companies attended the conference call, including Ashmore Group Plc and Grantham, Mayo, Van Otterloo & Co. Since public statements were not authorized, people familiar with the matter requested anonymity. The atmosphere of the meeting was positive. It has been eight years since Venezuela stopped paying its debts, US sanctions have cut most of the country's ties to the global economy, and no debt restructuring negotiations exist. People familiar with the matter revealed that some participants expect negotiations to resume as early as this year. This optimism is also reflected in the trading system. The price of Venezuelan bonds due in 2027 soared 29% to about 43 cents per dollar, returning to pre-default levels. PetroVenezuela's bonds due in 2026 also surged 35%, close to 32 cents per dollar.

The price of Venezuelan bonds soared on Monday. Some long-term creditors met to discuss the impact of America's control of Nicolas Maduro on Venezuela's default debt of about 60 billion US dollars, and to discuss whether creditors are expected to recover some of their investments. According to several people familiar with the matter, representatives of at least 10 companies attended the conference call, including Ashmore Group Plc and Grantham, Mayo, Van Otterloo & Co. Since public statements were not authorized, people familiar with the matter requested anonymity. The atmosphere of the meeting was positive. It has been eight years since Venezuela stopped paying its debts, US sanctions have cut most of the country's ties to the global economy, and no debt restructuring negotiations exist. People familiar with the matter revealed that some participants expect negotiations to resume as early as this year. This optimism is also reflected in the trading system. The price of Venezuelan bonds due in 2027 soared 29% to about 43 cents per dollar, returning to pre-default levels. PetroVenezuela's bonds due in 2026 also surged 35%, close to 32 cents per dollar.