Investors Lobby Biden to Lift US Ban on Trading Venezuela Bonds

A group of investors is pressing the Biden administration to lift a ban on the trading of defaulted Venezuelan bonds, arguing that the US is at risk of losing leverage over President Nicolas Maduro’s regime in the event of a debt restructuring.

The Venezuela Creditor Committee, made up of US and foreign institutions holding roughly $12 billion of the debt, hired Washington-based BGR Group to help it lobby for the removal of sanctions that prohibit US-based companies and individuals from buying the obligations, according to public records and four people familiar with the matter.

Represented by Cleary Gottlieb Steen ...