Venezuelan bonds are poised to gain after the US captured President Nicolás Maduro, setting the stage for potential regime change. The prospect of a potential debt restructuring could fuel further gains, although a resolution for Venezuelan debt could prove tricky, with the country having to unwind a web of defaulted bonds, loans and legal judgments owed to creditors. PGIM Managing Director and Executive Portfolio Advisor Michael Collins joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily ...

Venezuelan bonds are poised to gain after the US captured President Nicolás Maduro, setting the stage for the potential regime change that investors in $60 billion worth of securities have been betting on. Most Read from Bloomberg . Defaulted notes from the sovereign and state-run oil company PDVSA have already more than doubled to between 23 and 33 cents on the dollar in the past few months as US President Donald Trump ramped up pressure on Maduro. While still far out, the prospect of a potential debt ...