Venezuela’s state oil producer PDVSA said it will pay $2.1 billion in bonds after a plunge in crude production and dwindling cash flow spurred bets on a default. Caracas-based Petroleos de Venezuela SA told investors that principal and interest payments related to its bond that matures this month will be available in investor accounts on April 12, the company said in an emailed statement. It added that it had already started transferring coupon payments for other bonds that mature in 2027 and 2037. The weeks leading up to the payment had seen volatile price swings in bond prices as investors worried a deteriorating political situation could influence the country’s ability or willingness to repay its debt. The country’s dollar bonds fell the most in two years on March 31 as an ongoing dispute between the government of President Nicolas Maduro and the opposition-controlled National Assembly worsened and resulted in […]