Home>Topics>>Morocco plans investor meetings for debut 144a bond - source
Morocco plans investor meetings for debut 144a bond - source
Reuters: Financials
Mon, 19 Nov 2012
LONDON, Nov 19 (IFR) - The Kingdom of Morocco is planning a series of fixed income investor meetings in the Middle East, the United States and Europe, scheduled to commence on November 22, for a potential debut 144a/Reg S bond offering, a market source said.
BlackRock's Rick Rieder expects the bond market to focus more on alpha creation next year, but investors should watch for rising duration risk as well as ongoing troubles in Europe .
PIMCO's Andrew Jessop sees opportunities with European and health-care high-yield bonds but also warns of likely lower returns beginning in 2013 given the recent runup.
Eye-popping yields are scarce for many bond ETFs, but Morningstar's Sam Lee points out some attractive funds that focus on corporates, emerging markets, and Europe .
There are good opportunities in Europe if you believe that the region's political leaders will be able to hold the euro together, says Seven Investment Management's Justin Urquhart Stewart.