Wednesday, May 31, 2017

Nomura Bought Controversial Venezuelan Bonds at Steep Discount

Japanese investment bank Nomura Securities bought about $100 million worth of Venezuelan government bonds last week as part of the same transaction that has landed Goldman Sachs Group Inc. in the thick of a political controversy.

Nomura’s trading arm paid about $30 million for the debt, a steep discount to where the troubled country’s bonds trade in the market, according to people familiar with the matter. Those are roughly the same terms on which Goldman’s asset-management arm bought $2.8 billion worth of the same bonds in a transaction brokered by an intermediary, The Wall Street Journal reported this week ....