Garay, Urbi; Molina, Carlos A. - In: Journal of Business Research 67 (2014) 4, pp. 582-590
In April 2007, Petróleos de Venezuela S.A. (PDVSA) issued debt for USD 7.5billion, the largest debt offering to date by a Latin American company. The conditions surrounding this issue, which was denominated and tradable in dollars, but payable in bolivars, were quite special, particularly when...