Syz Group analyst Charles-Henry Monchau said in the report that Venezuelan non-performing bonds are currently undervalued and may benefit from regime change. Citing Citibank and Allianz analysts, Monchau said that the recovery rate of these bonds may rise from the current trading range of 25 cents to 35 cents to 30 cents to 50 cents.

Syz Group analyst Charles-Henry Monchau said in the report that Venezuelan non-performing bonds are currently undervalued and may benefit from regime change. Citing Citibank and Allianz analysts, Monchau said that the recovery rate of these bonds may rise from the current trading range of 25 cents to 35 cents to 30 cents to 50 cents.