Goldman buying venezuelan bonds
Goldman Sachs Group Inc. is on the defensive in Venezuela after it bought bonds that had been held by the struggling country’s central bank in a transaction the government’s opposition decried as a lifeline to President Nicolás Maduro’s embattled administration. Goldman Buys $2.8 Billion Worth of Venezuelan Bonds, and an Uproar Begins Venezuelan bonds would seem to be an unlikely target for global investors. The country is in near revolt and has barely Venezuelans are furious with Goldman Sachs for buying the country's government bonds last week, which critics say gives a lifeline to an incompetent government that is starving its people. Goldman confirmed the purchase Tuesday morning after the Wall Street Journal first reported it. Goldman stands to make a nice profit from the purchase. It allegedly paid just 31 cents on the dollar, or $865 million, for bonds that were originally worth $2.8 billion. In other words, it got a huge discount on the bonds that pay a high return. Goldman, in a statement late Monday confirming the purchase, said its asset-management arm acquired the bonds "on the secondary market from a broker and did not interact with the Venezuelan
30 Jun 2017 Venezuela's problems aren't going away, and Goldman Sachs Asset which notes that the Goldman bond purchase in May drew harsh
1 Aug 2017 PDVSA's Peculiar Oct. '22 Bond May. Carry Elevated Risks. Overview. In late May 2017, it was reported that Goldman Sachs (GS), on behalf of 23 Jun 2017 Would you buy bonds from a nasty regime if you knew that it would get the money to repay you by cutting back on the necessities of its already 29 May 2017 Goldman Sachs bought U$2.8 billion bonds of the potentially toxic the bond purchase directly with the Venezuelan government, rather, Republic of Venezuela Bond Market Practice Recommended. Goldman Sachs. EMTA Annual Meeting Buy Side Panel - "Switch to the Local" by James 30 May 2017 Goldman Sachs Accused of Giving 'Lifeline' to Venezuela's Socialist For another, its decision to buy the bonds at fire-sale prices was an 5 Jun 2017 In a statement, Goldman defended the purchase, saying its asset-management arm acquired the bonds “on the secondary market from a broker 7 Jun 2017 Ileana Ros-Lehtinen took to the House floor on Wednesday to blast Goldman Sachs' recent purchase of $2.8 billion in Venezuelan oil bonds,
behalf of the populace (e.g., borrowing to buy arms that are then used to put down popular Venezuelan bonds less attractive to the markets and particularly fund of Goldman Sachs (GSAM) had purchased $2.8 billion in bonds of the
30 May 2017 Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase. This article is more than 2 years old. Opposition attacks bank for 11 Apr 2018 The original bond purchase was criticized for helping fund an authoritarian government. Venezuela's President Nicolas Maduro talks to the media 30 Jun 2017 Goldman Sachs has sold at least $300 million of Venezuelan state oil company bonds, The Wall Street Journal reported. The May purchase
Goldman Sachs confirms having purchased Venezuelan bonds after being called out by the country's opposition and Florida Sen. Marco Rubio for financing
10 Apr 2018 Amid Venezuela default, Goldman receives 'hunger bond' payment: has barred its citizens from buying newly issued Venezuelan debt, which 28 Jan 2019 The prices of Venezuela's government bonds have jumped from about 23 cents on the dollar earlier this month to over 33 cents on Monday, while 30 May 2017 Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase. This article is more than 2 years old. Opposition attacks bank for 11 Apr 2018 The original bond purchase was criticized for helping fund an authoritarian government. Venezuela's President Nicolas Maduro talks to the media 30 Jun 2017 Goldman Sachs has sold at least $300 million of Venezuelan state oil company bonds, The Wall Street Journal reported. The May purchase
CARACAS (Reuters) - Despite being in default on most of its debt, Venezuelan state oil company PDVSA has made a $90 million interest payment on a bond largely purchased by Goldman Sachs Group Inc
Why are people mad at Goldman Sachs this time? Last week, Goldman Sachs purchased about $2.8 billion worth of Venezuelan bonds. According to reports by the Wall Street Journal, the company paid 31
Goldman Sachs Group’s approximately $865 million purchase of Venezuelan bonds last year attracted criticism—and now has saddled the firm’s investment clients with millions of dollars in Goldman made the purchase of the bonds — issued in 2014 by PDVSA, the state oil company — on the secondary market through its asset management arm GSAM last week. It paid about $865m for $2.8bn Goldman Sachs Group Inc's statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought $2.8 billion of bonds for pennies on the dollar was Goldman Sachs Group Inc. is on the defensive in Venezuela after it bought bonds that had been held by the struggling country’s central bank in a transaction the government’s opposition decried as a lifeline to President Nicolás Maduro’s embattled administration. Goldman Buys $2.8 Billion Worth of Venezuelan Bonds, and an Uproar Begins Venezuelan bonds would seem to be an unlikely target for global investors. The country is in near revolt and has barely Venezuelans are furious with Goldman Sachs for buying the country's government bonds last week, which critics say gives a lifeline to an incompetent government that is starving its people. Goldman confirmed the purchase Tuesday morning after the Wall Street Journal first reported it. Goldman stands to make a nice profit from the purchase. It allegedly paid just 31 cents on the dollar, or $865 million, for bonds that were originally worth $2.8 billion. In other words, it got a huge discount on the bonds that pay a high return.