Venezuela’s Vice President Tareck El Aissami, center, speaking on Monday in Caracas during a meeting with bondholders and their representatives. Venezuelan bonds, already trading at distressed levels, fell further on Tuesday after credit-rating firms declared the nation in default on missed interest payments. The development sets up a conundrum: Bondholders can now push for a wave of payments, but some said they would rather get their money late than take their chances on what could be one of the biggest, most complicated defaults in history. Venezuela’s bonds due 2028 dropped to 24.94 cents Tuesday from 27.15 cents Monday, according to data provider IHS Markit . Bonds for state oil firm Petróleos de Venezuela SA due in 2035 dropped to 26.625 cents from 29.375, according to IHS Markit. Typically as a bond nears maturity, its price rises toward 100 cents on the dollar if investors expect to be repaid. Despite […]