Investors in Venezuelan securities are breathing a sigh of relief after the government once again made good on its promise to pay foreign bondholders.
The nation, one of the world’s riskiest debtors, said yesterday it was having difficulty wiring a $185 million interest payment that was due Sept. 15. Officials confirmed Thursday that the money was on its way to bondholders. Bank of New York Mellon, the paying agent on the notes, has processed the funds, according to two people with knowledge of the matter.
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