Venezuela's PDVSA in talks with Credit Suisse for bond swap

viernes 19 de agosto de 2016 15:18 GYT

By Corina Pons and Marianna Parraga

CARACAS/HOUSTON Aug 19 (Reuters) - Venezuelan state oil company PDVSA has begun talks with Credit Suisse AG for a possible swap of bonds expiring in 2017, according to sources familiar with the conversations.

PDVSA has seen its income fall drastically due to the drop in oil prices and is seeking to alleviate the heavy debt payments required in the coming months. (Editing by Jonathan Oatis)