26 de octubre de 2016 / 11:37 / en un año

Monarch's Herenstein: Puerto Rican GO bonds still best investment idea

TEL AVIV, Oct 26 (Reuters) - Andrew Herenstein, chief investment officer at Monarch Alternative Capital, said on Wednesday he recommends investors buy Puerto Rico’s general obligation (GO) bonds on the belief there will be a deal with the U.S. government over difficulty in paying pack its debt.

“We believe having a deal within a year is certainly possible,” Herenstein said at the Sohn Investment Conference in Tel Aviv. “There is a very, very substantial return for investors with limited downside because of negotiations that have taken place and legal protections that investors have.” (Reporting by Steven Scheer and Tova Cohen)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below