License Details
LicenseGL 5T
OFAC titleAuthorising Certain Transactions Involving the PdVSA 2020 8.5% Bond
Coveragedebt, PDVSA
StatusConditional / extended
SourceCurated Caracas Research entry
Plain-English Summary
Conditionally authorises holders of the PdVSA 2020 bond to engage in transactions related to the bond's collateral on or after a specified effective date, subject to ongoing OFAC interpretation.
AI-Assisted Analysis
GL 5T is part of the Venezuela energy-sanctions framework. Investors should treat it as a permissions boundary for oil, gas, PDVSA, or service-company exposure rather than as broad sanctions relief.
- Amendments, extensions, or replacement license numbers
- Counterparty limits involving PdVSA, Venezuelan state entities, or blocked persons
- Wind-down dates, reporting requirements, and payment restrictions
Internal Context
Track related updates in the Venezuela sanctions tracker, compare active licenses in the general-license directory, and screen counterparties with the OFAC Venezuela sanctions checker.