PDVSA’s next $985 million debt payment – due Friday – has international investors guessing how Caracas will meet yet another financial deadline to prevent total default, according to reports emerging from the region. The value of the bonds dropped 3 cents on the dollar to 81 cents on Thursday as skepticism over the source of the upcoming payment crept up. The value of other notes due for payment on November 2 nd also tumbled. If PDVSA is even one day late on these bond payments, creditors have the right to demand full payment then and there, since they were signed without a grace period in mind. Caracas is already behind on other interest payments that came with an official grace period. “Fear is higher now because the deadline is approaching quickly,” Lutz Roehmeyer of Landesbank Berlin Investment GmbH told Bloomberg. “I am still confident that they find a creative […]