Reuters: Goldman confirms buying Venezuela bonds after opposition cries foul
Goldman Sachs Group Inc (GS.N) has confirmed it bought Venezuelan bonds after being excoriated by the country's opposition for financing the embattled government of President Nicolas Maduro, who is facing sustained protests.
The president of the opposition-led Congress accused the bank of financing "dictatorship" after the Wall Street Journal reported Goldman had bought $2.8 billion in bonds issued by state oil company PDVSA at a steep discount.
"We bought these bonds, which were issued in 2014, on the secondary market from a broker and did not interact with the Venezuelan government," Goldman wrote in a statement late on Monday.
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WNU editor: Talk about dals .... 30 cents on the dollar backed by the country's oil assets .... wow .... no one who has money would ignore that. Not surprising .... the opposition to this deal is massive. But talk about digging your grave deeper .... Goldman Sachs Defends Venezuela Bond Deal Vilified by Opposition (Bloomberg). If I was Goldman Sachs .... I would be more worried about this .... Venezuelan opposition threatens country won't pay Goldman Sachs' $2.8 billion bond deal (CNBC).
More News On Goldman Sachs Under Fire For Buying Venezuelan Bonds
Goldman under fire for buying Venezuela “hunger bonds” -- Washington Post/AP
Goldman confirms buying Venezuela bonds after opposition cries foul -- Reuters
Goldman Sachs condemned for buoying Venezuela with $2.8bn bond purchase -- The Guardian
Venezuela is staying on top of its debts, even with its people going hungry -- CNBC
Venezuelans are outraged at Goldman Sachs -- CNN
Goldman Sachs Criticized for Venezuelan Bond Deal -- VOA
Venezuelans call for protest in New York after Goldman Sachs offers “lifeline” to Maduro -- Miami Herald
Goldman Sachs Accused of Financing Venezuela's 'Dictatorial Regime' -- Fortune
Congratulations To Venezuela - Goldman Sachs Bails Out The Country By Buying Bonds -- Forbes
Is Goldman Sachs Playing With Fire In Venezuela? -- Tsvetana Paraskova, Oil Price
Goldman Sachs should be ashamed for throwing a lifeline to Venezuelan regime -- Andres Oppenheimer, Miami Herald