PDVSA Bonds Deemed Valid in US Ruling Amid Battle for Citgo

A US appeals court upheld the validity of bonds issued by Venezuela's state oil company PDVSA. The ruling allows bondholders to pursue payment claims against proceeds from the sale of Citgo Petroleum Corp.'s parent company. The decision resolved a legal dispute over whether the bonds remained valid obligations of the Venezuelan government.

• Bloomberg — PDVSA Bonds Deemed Valid in US Ruling Amid Battle for Citgo

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