(Bloomberg) -- The shortest-maturity notes from state oil company Petroleos de Venezuela SA are offering investors an opportunity for a giantย payday, or a trip to the cleaners. They're trading at about 90 centsย on the dollar with just over a week before they come due. If Venezuela comes through with the money, it's a quick 10 percent gain for investors; but if they default, analysts estimate theย recovery value at something near 30 cents on the dollar.
To contact the reporters on this story: Sophie Caronello in Washington at scaronello@bloomberg.net, Brendan Walsh in Austin at bwalsh8@bloomberg.net.
To contact the editors responsible for this story: Cesca Antonelli at fantonelli@bloomberg.net, David Papadopoulos, Nancy Moran
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories โ On NDTV Profit.
