There is lower default risk in Citgo than in PDVSA, but the difference is not enough to justify taking a yield of 10% when PDVSA's October 2015s offer an annualised yield of around 24%. Daniel Freifeld More Quotes by Daniel Freifeld More Quotes From Daniel Freifeld Although it is less than optimal to use Citgo to carry the debt of PDVSA, this makes us very comfortable that Venezuela will fully meet its debt payments this year. Daniel Freifeld company-news
