Venezuela’s socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a possible model for future deals, as it seeks to mend ties with creditors, four people familiar with the operation said. Such debt-for-equity swaps are common in corporate bankruptcy proceedings and have been employed by other Latin American countries emerging from default in the past. They could be part of a solution for oil-rich but crisis-stricken Venezuela to reduce its $160 billion debt load, said the people, who asked not to be identified. But further swaps, especially for higher-value assets within Venezuela, face many obstacles. U.S. sanctions aimed at ousting President Nicolas Maduro complicate deals with the […]