GD35D
📉 In comparative simulations across various yield scenarios (TIR), the GD35 consistently shows less potential price appreciation compared to GD38 and GD41.
⚖️ While GD35 has a higher coupon than GD41, it lacks features like earlier amortization start and Indenture 2005, which are present in GD41.
❌ Based on a multi-factor analysis (excluding personal bias), the GD35 is considered less attractive than other similar sovereign bonds like GD41 and GD38.
@ClaveBursatilTV:
“That’s why they bust my chops so much, Tincho, with the GD35. All the time, but the reality is I don’t like the GD35 because it lags behind. It always lags behind in any simulation. See? With 7 or 8 TIR, the GD35 has less upside than the other two. It has less coupon than the 41… no, it has more coupon, but the 41 starts paying amortization earlier and is Indenture 2005. So, it wins 2 to 1, 3 to 1 because it has lower parity in case things go wrong… For me, the parity we buy at is very important… When I do the GD41 vs. GD35 comparison, the GD41 wins. Yes, 3 to 1. There are four things I look at in a bond. I can add the TIR here, the 35 wins. Well, 3 to 2, the 41 still won. Yes, that’s why I don’t… that’s why I don’t like the 35. It’s not that I have anything personal against the bond, it never did anything to me, never insulted my mother or anything like that. So I wanted to make that clear because they insist a lot on the 35. Really, from the simulations I do and the projections and comparisons, it seems to me that it loses against the 38 and the 41. I wanted to make this clear because they’ll think I have something personal against that bond.”
Watch the exact part of the video where @ClaveBursatilTV talks about Bono Global República Argentina 2035 Ley NY here:
Watch the video on YouTube
Read more articles analyzing Bono Global República Argentina 2035 (GD35D) at the provided link. GD35D stock.
