Aeropuertos Bonds Seen Taking Off

Aeropuertos Bonds Seen Taking Off


The 2020 bond from Aeorpuertos Argentina 2000 sold Wednesday should have at least 2.4 points of upside, Barclays says in a report. The shop notes the bonds hit 104.5 in secondary trading Thursday afternoon, after initially selling at par, implying a yield of 9.75%, in from 10.75%. “Given that most high-yield Argentine straight corporates trade at much tighter levels, with longer tenors and no structural enhancements, we believe there is still substantial potential for appreciation at current lev

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