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Hedge Fund Veteran Says $130 Billion Bond May Just Fix Venezuela

(Bloomberg) Venezuela watchers have floated plenty of ideas for fixing the economic and humanitarian crisis, from a bitcoin drop to an oil-for-food plan, but the idea of wrapping all the nation’s debt into one giant bond issuance is perhaps the wildest proposal yet. Money owed to a disparate group of creditors including China, Russia, bondholders and oil service firms could be turned into one long-dated $130 billion bond, according to Daniel Osorio, a former hedge fund manager who’s now president of New York-based Andean Capital Advisors, which advises money managers on Latin America.

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