Venezuela failed to pay $237 million in bond coupons this weekend proving that default is imminent

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Venezuela failed to pay $237 million in bond coupons this weekend proving that default is imminent


Venezuela's unpaid debt just grew to nearly $600 million, days before a make-or-break bill

  • Venezuela failed to make payments on $237 million in bond coupons this past weekend.
  • That brings the petrostate's unpaid bills to $586 million this month, just days before the nation must make a critical principal payment.
  • Fund managers say Venezuela appears to be blowing the lower-stakes payments to shore up its cash ahead of two big debt deadlines.

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