Venezuela's PDVSA Ordered To Pay $2.86B To Bondholders

By Rae Ann Varona · October 17, 2025, 11:40 PM EDT

A New York federal judge Friday ordered Venezuela's state-owned oil firm Petróleos de Venezuela SA to pay $2.86 billion to bondholders, after ruling last month that defaulted Venezuelan bonds were validly...

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Case Information

Case Title

Petroleos De Venezuela S.A. et al v. MUFG Union Bank, N.A. et al

Case Number

1:19-cv-10023

Court

New York Southern

Nature of Suit

Contract: Other

Date Filed

October 29, 2019