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PKP Cargo seeks to extend restructuring deadline, revoke Oct 15 proposal cutoff
ParkietLO·PL·about 23 hours ago
An ad hoc group of Venezuela creditors now controls nearly 37% of the country's outstanding debt, totaling $22 billion, per anonymous sources cited by Bloomberg. This consolidation strengthens creditor coordination ahead of potential restructuring negotiations, though the government's stance remains unclear. The development signals growing pressure on Venezuela to address its defaulted obligations.