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Venezuela Unveils Debt Plan, Restructures $60B Bonds, Citgo Sale Pressured

7/14/2026

Summary

Story summary

Venezuela will present a debt-sustainability analysis in the coming weeks that will incorporate the January earthquakes.
Analysts estimate the country's sovereign debt at $150-$200 billion, a figure the Financial Times says is $240 billion.
The government plans to restructure about $60 billion of external Eurobonds, which JPMorgan values at $102 billion including accrued interest.
Creditors are seeking recovery through a court-ordered sale of Citgo Petroleum that requires U.S. approval.

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Story summary

Venezuela will present a debt-sustainability analysis in the coming weeks that will incorporate the January earthquakes.
Analysts estimate the country's sovereign debt at $150-$200 billion, a figure the Financial Times says is $240 billion.
The government plans to restructure about $60 billion of external Eurobonds, which JPMorgan values at $102 billion including accrued interest.
Creditors are seeking recovery through a court-ordered sale of Citgo Petroleum that requires U.S. approval.