October 24, 2019 / 8:13 PM / 9 months ago

U.S. temporarily bars sale of Citgo shares linked to PDVSA bond -Treasury

CARACAS, Oct 24 (Reuters) - The United States has temporarily blocked the sale or transfer of shares in U.S. refiner Citgo that are linked to a bond issued by Venezuelan state oil company PDVSA, the U.S. Treasury Department said on its website on Thursday.

The PDVSA 2020 bond, which is backed by 50.1 percent of shares in Citgo Petroleum Corp, is expected to go into default next week when a payment of nearly $1 billion comes due. (Reporting by Caracas newsroom Editing by Chris Reese)

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