PAMP
📈 Pampa Energía’s bonds offer attractive yields, highlighted by a strategic trade selling a 7.5% USD bond to acquire a 10-11% Dollar-Linked ON, shortening duration and increasing returns.
💰 Compared to regional peers like Sencosud (5% yield), Pampa’s 7.5% yield on certain dollar bonds is superior, reflecting a premium for its Argentinean base despite strong company metrics.
🇦🇷 Pampa Energía is considered a top-tier Argentine company whose bonds pay an “excess yield” primarily due to the country’s risk (“zip code”) rather than company-specific financial weaknesses.
@ClaveBursatilTV:
“We sold a Pampa bond that was maturing in 2031 at 7.5% in dollars, and with that, we are going to buy a Dollar-Linked bond at 10% or 11% for perhaps a year. So, we are considerably shortening the duration and, let’s say, improving the rate… I prefer to stick with a Pampa bond that yields 7.5% rather than taking a Sencosud bond that yields 5%… Because when you look at it from a credit perspective, Pampa’s bond yields 7.5% because of the famous ‘zip code’—the country risk of Argentina. If you look at Pampa’s metrics, or those of Tier 1 companies in Argentina, there’s a lot of excess yield they pay for being in Argentina.”
Watch the exact part of the video where Juani from SBS, interviewed on Clave Bursátil TV, talks about Pampa Energía here:
Watch the video on YouTube
Read more articles by the world’s top analysts on Pampa Energía (PAMP) at the following link. PAMP stock.
