Venezuela's PDVSA says Citi to remain as paying agent for bonds

September 6, 2016 8:45 PM

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Venezuela's PDVSA says Citi to remain as paying agent for bonds

CARACAS Venezuelan state oil company PDVSA said on Tuesday that Citibank will remain in charge of making payments on its bonds, a week after Reuters reported that Citi had announced its intention to withdraw from that role.

"It is false that there has been a substitution of Citibank as paying agent for our (financial) instruments," PDVSA said in a statement. "If there is any change with respect to this, (PDVSA) will announce this in a timely and responsible manner.

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