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Looking for a Quick 10% Investment Gain? Try Venezuela: Chart
If Venezuela comes through with the money, it’s a quick 10 percent gain for investors.
24 Oct 2017, 04:10 PM IST 
A man looks out of a window from an upper floor of the Central Bank of Venezuela stands in Caracas, Venezuela. (Photographer: Meridith Kohut/Bloomberg)
(Bloomberg) -- The shortest-maturity notes from state oil company Petroleos de Venezuela SA are offering investors an opportunity for a giant payday, or a trip to the cleaners. They’re trading at about 90 cents on the dollar with just over a week before they come due. If Venezuela comes through with the money, it’s a quick 10 percent gain for investors; but if they default, analysts estimate the recovery value at something near 30 cents on the dollar.
To contact the reporters on this story: Sophie Caronello in Washington at scaronello@bloomberg.net, Brendan Walsh in Austin at bwalsh8@bloomberg.net.
To contact the editors responsible for this story: Cesca Antonelli at fantonelli@bloomberg.net, David Papadopoulos, Nancy Moran