Sovereign and PDVSA bond watchlist, restructuring milestones, sanctions signals, and recent market news for analysts following Venezuela's defaulted external debt.
Public bond references are refreshed from structured fact records where available. VENZ 2031 reference: Reuters/LSEG public report · as of 2026-03-18 · last verified PDVSA 2027 reference: Reuters/LSEG public report · as of 2026-03-18 · last verified
| Instrument | Issuer | Type | Public reference | Sanctions note | Signal |
|---|---|---|---|---|---|
|
VENZ 2031
Global 2031
|
Republic of Venezuela | Sovereign Defaulted |
50.25
cents · 2026-03-18
Reuters/LSEG public report
|
Secondary-market trading generally requires sanctions review; terms and counterparties matter. | Rose after U.S. sanctions waivers for PDVSA-related business were announced. |
|
PDVSA 2027
PDVSA 2027
|
Petroleos de Venezuela SA | PDVSA Defaulted |
35.35
cents · 2026-03-18
Reuters/LSEG public report
|
PDVSA securities remain a higher-risk sanctions category; U.S.-person activity needs counsel review. | Gained alongside sovereign issues as restructuring optionality improved. |
|
VENZ 2034
Global 2034
|
Republic of Venezuela | Sovereign Defaulted |
—
2026-05-13
Bloomberg Law public report
|
Defaulted sovereign credit; liquidity and settlement access can be uneven. | Public reporting said the issue reached its highest level since 2014 after the restructuring announcement. |
|
PDVSA 2020
PDVSA 2020 / CITGO-linked claim
|
Petroleos de Venezuela SA | PDVSA/CITGO Litigation-sensitive |
—
2026-01-04
Reuters public explainer
|
The CITGO share pledge and U.S. court process make this a special-case diligence item. | Recovery value depends heavily on CITGO litigation, OFAC licensing, and restructuring priority treatment. |
Public reporting said Venezuela launched an integrated external-debt restructuring process covering sovereign and PDVSA obligations.
Source referenceReuters/LSEG data cited VENZ 2031 at 50.25 cents and PDVSA 2027 at 35.35 cents after a U.S. general license expanded permissible PDVSA-related business.
Source referenceA global investor group said it was ready to begin talks over roughly $60 billion of defaulted bonds.
Source referencePublic Reuters reporting said defaulted government bonds moved toward 40 cents and PDVSA debt toward roughly 30 cents after political change revived restructuring expectations.
Source referenceSovereign and PDVSA debt falls into default, creating the distressed-debt overhang tracked here.
Venezuelan Acting President: Initiates Debt Restructuring Negotiations, Venezuela Bonds' Surge Pauses Bitget
Venezuela launches sovereign, PDVSA debt restructuring process MSN
Explainer: Venezuela starts giant debt rework, but hurdles remain Reuters
Venezuela Launches Sovereign and PDVSA Debt Overhaul, Liabilities Seen Above $150 Billion energynews.pro
UPDATE 2-Venezuela, PDVSA bonds rally after government launches debt restructuring Sahm
Venezuela launches sovereign, PDVSA debt restructuring process MSN
Exclusive-Venezuela debt restructuring to bring country 'out of shadows,' central bank chief says MSN
Venezuela bonds rally after government launches debt restructuring TradingView
Licensable picture: Venezuela debt restructuring to bring country 'out of shadows,' central bank chief says Reuters Connect
No. Most executable quotes for defaulted Venezuelan and PDVSA bonds sit behind professional terminals. This tracker separates public price references from live tradable quotes.
The watchlist covers representative Republic of Venezuela and PDVSA instruments, including sovereign Global bonds, PDVSA 2027, and the litigation-sensitive PDVSA 2020/CITGO-linked claim.
OFAC rules affect who can trade, provide restructuring services, or transact with PDVSA-linked securities. Investors should verify any trade with sanctions counsel and their broker.
The tracker is designed to refresh through the daily pipeline when database access and source feeds are available. It falls back to curated public references when live data is unavailable.
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