Advisory firm querying investors about interest in bond swap Rothschild believes PDVSA management open to transaction Rothschild & Co. is approaching Petroleos de Venezuela SA bondholders in a bid to form a creditor group and draft a proposal for a voluntary swap of about $8 billion of the oil company’s short-term debt for notes with later maturities, according to people with knowledge of the matter. The advisory firm has been in contact with some investors directly and held a group conference call Monday, said the people, who asked not to be identified because the talks are private. Rothschild discussed with investors a plan to swap PDVSA bonds due in October and in 2017 for a basket of five securities maturing in 2024 and beyond, said three of the people. Rothschild told investors that it believes management at Venezuela’s state-controlled oil company is open to increasing its debt load in […]