PRCDEV 7.5 08/20/2040

GDB Debt Recovery Authority of Puerto Rico Bond

Credit, Macro


Publicly traded companies mentioned herein: N/A

Highlights

The presenter is long Puerto Rico’s municipal bonds issued by the Government Development Bank (GDB). The bonds have already increased in price from <70 to the high-70 range and are currently trading at 13% - 14% yields. Puerto Rico has gone through a debt restructuring for many years, and the presenter believes that the new bonds have strong risk-adjusted returns as they are backed by high-quality assets. He estimates the bonds are 1.2x covered and assumes that investors will receive their money back in the next 6 - 10 years while the market could be implying 15 year duration.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.