Lazard Inc. is making a late bid to displace Centerview Partners as Venezuela’s financial adviser for an upcoming sovereign debt restructuring, according to reports cited by multiple outlets. The bid reportedly offers Lazard’s services to oversee one of the largest debt restructurings ever involving a sovereign issuer, as Venezuela works through complex creditor negotiations. Bloomberg reports that Lazard is undercutting Centerview by proposing a sharply lower fee for the advisory role, positioning the offer as more cost-effective while still targeting a major restructuring mandate. Seeking Alpha and Investing.com both reference the same broader development: a contest between investment banks to win the advisory position tied to Venezuela’s debt process. The reports describe this as a competition over who will serve as financial adviser rather than as a change to the underlying restructuring itself. The outcome of the bidding and the final selection of the adviser is not stated in the provided excerpts, nor are specific contractual terms or timelines beyond the existence of the late bid.