Vene Bonds Tighten on Chavez News

Dec 11, 2012

Venezuela’s bonds tightened Monday as Hugo Chavez hinted at the possibility he may be incapacitated due to deteriorating health and named Vice President Nicolas Maduro as his chosen successor. The benchmark 2027s tightened 100bp to 8.3%, according to Bulltick Capital. “A change at the presidential level could...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management