Mensajepor Apolo1102.2 » Mié Sep 04, 2019 4:54 pm
Argentina Bonds Are a Buy as Problem Isn’t Solvency: Greylock
2019-09-04 12:16:23.920 GMT
By Aline Oyamada
(Bloomberg) -- Argentina’s sovereign bonds are worth buying
as the nation has a liquidity, not solvency problem, said Hans
Humes, CEO at Greylock Capital Management, in an interview at
Bloomberg TV.
* “If you are not assuming a broad based restructure like
Argentina did in 2005, it is certainly worth looking at,” he
said
* Greylock has been buying provincial and sovereign debt, Humes
said
* “By most measures it doesn’t look like a solvency problem, it
looks like an issue of having to refinance some of the
maturities that are coming up in the next couple of years and a
lot of pressure isn’t in international, it is on the domestic
debt”
* What markets are looking for is a smooth transition of power,
so the country can resume growing, he said
* So far, signals from Alberto Fernandez have been market