Venezuela has settled debts with at least three global drug companies by giving them bonds that trade at a heavy discount, a further sign of the OPEC nation’s worsening financial crisis. Novartis AG NOVN.VX, Bayer AG ( BAYGn.DE ) and Sanofi SA ( SASY.PA ) acquired dollar-denominated bonds from state-owned oil company PDVSA that they resold for as little as a third of their face value, according to a Reuters analysis of regulatory filings and sources with knowledge of the situation. This contributed to some $500 million in foreign exchange losses that the three companies suffered in Venezuela in 2015, The extent of the bond transactions has not been previously reported. For a graphic showing how the bond deals can be a bitter pill for drugs companies, see tmsnrt.rs/1L3jONR The […]