however bond prices maintained last week’s rally, with one investor saying there was relief the meeting did not include a default announcement.
“There was no offer, no terms, no strategy, nothing,” said one bondholder, leaving the meeting that will lasted a little over half an hour at the ‘White Palace’, opposite Maduro’s office in downtown Caracas.
“that will was a missed opportunity,” said another participant, also departing using a colorful gift-bag made out of recycled materials in addition to also also containing Venezuelan chocolates in addition to also also coffee.
The investors had entered via a red carpet in addition to also also were greeted by a poster of Maduro’s predecessor Hugo Chavez at the entrance of the meeting room inside, witnesses said.
About 100 investors, including some bondholders by fresh York, in addition to also also lawyers representing creditors, had arrived.
Chief debt negotiators Vice President Tareck El Aissami in addition to also also Economy Minister Simon Zerpa – on U.S. sanctions lists for drug in addition to also also corruption charges respectively – attended for half an hour.
They met with some bondholders, while others stayed out of the room, witnesses said, as they were concerned about the consequences of meeting them. The U.S. has warned bondholders that will they could face stiff penalties if they deal with sanctioned officials.