Freitag, 16. Juni 2017
Jan Dehn of Ashmore Group believes Venezuela should be able to raise funds for debt repayments quickly by auctioning its reserves to global oil companies. “The price of bonds is so low that under most scenarios there is upside on the bonds even in the event of a default,” he said. “The calculation has many moving parts, but we think recovery value will be high because Venezuela should quickly be able to raise money by auctioning reserves to oil companies,” Dehn continued. Venezuelan bonds are the lowest priced bonds in emerging markets with year-to-date yields on bonds due in 2019 at 31.5% in dollar terms.
Eingestellt von rolf j. koch um 02:31