T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing a $913 million payment on state oil firm PDVSA’s 2020 bond, an executive at the U.S. fund manager told Reuters, adding the plan would only work if Washington alters sanctions on Venezuela. Guaido, who assumed an interim presidency in January after declaring President Nicolas Maduro’s 2018 re-election a fraud, is seeking to ensure payment on the PDVSA 2020 because it is backed by shares in U.S. refiner Citgo that could be seized by creditors in the event of a default. “We have had informal discussions with the Guaido team … , but no transaction is possible because of the trading ban on U.S. investors,” said T. Rowe Price portfolio manager Mike Conelius.

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