DB Identifies Value in Argentine Corporates

DB Identifies Value in Argentine Corporates


Argentine corporates, especially utilities, represent attractive opportunities for fixed income investors, according to Anne Milne, head of Deutsche Bank's LatAm corporate bond research group. They are yielding 10%-13% and would likely rally, especially if there is good news on tariffs. "We could easily see them coming back down below 10%," says Milne. She adds that Edenor and Transener have returned 15%-17%, while TGS has yielded 13%-14%. Her top picks for 2008 are Edenor and TGS. From a valuat

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