Chavez’s 692% Bond Gain Seen Living On to Fidelity

Chavez’s 692% Bond Gain Seen Living On to Fidelity

Meridith Kohut/The New York Times via Redux

Hugo Chavez's policies, which included currency controls and the seizure of more than 1,000 companies, deterred many bond investors and kept the nation’s overseas borrowing costs at an average 12.39 percent during his presidency, or 3.78 percentage points above emerging-market government debt.