Swap offer applies to as much as $5.325 billion of 2017 debt Deadline for investors to accept exchange was Monday Petroleos de Venezuela SA, the state oil company seeking to stave off default, said it would extend for a third time a deadline for investors to agree to swap as much as $5.325 billion of bonds for debt coming due at a later date. PDVSA pushed the deadline back to Oct. 21, according to a statement issued after the previous offer expired at 5 p.m. New York time Monday. The offer is only valid if holders of at least 50 percent of the bonds agree to it. As of the deadline “a substantially lower percentage than 50 percent of the total capital amount of the existing bonds had been offered,” the company said in its Monday statement, repeating language from the two previous extensions. The company’s president, Oil Minister […]