Venezuelan President Nicolás Maduro spoke at a news conference in Caracas on Oct. 17. Mr. Maduro’s announcement Thursday that his country would attempt to restructure its debt drove down the prices of Venezuelan government and state-owned oil company bonds Friday. Bonds of state-owned oil company Petróleos de Venezuela SA, due in 2022, dropped to 28 cents on the dollar Friday morning from 48 cents before the announcement, according to MarketAxess BondTicker. Venezuela’s benchmark government bonds fell Friday, with its bonds due 2028 falling to 28 cents on the dollar from 35 cents, before Thursday’s announcement, according to MarketAxess BondTicker. Venezuela’s bonds due 2018 were down sharply, to 40 cents on the dollar Friday from 74 cents on the dollar before the announcement. The Venezuelan president announced late Thursday that, after making a bond payment Friday, he would attempt a restructuring of the country’s remaining debt . Mr. Maduro and […]