BCRA bonds offer an average yield of 7.5%, so they are still an interesting investment option, according to experts.
In recent weeks, investments In pesos – like the LECAPS and the bancer – they gained prominence in the recommendations of the analysts, displacing to the background the Central Bank Bapreals (issued to facilitate the payment of debts to importers).
However, these titles still represent an attractive alternative for certain investor profiles. Today they offer one Internal Rate of Return (IRR) average of 7.5%, with yields that vary by more than 10% in some cases and about 5% in others. In comparison, sovereign bonds yield around 11%, while private negotiable obligations are around 7%.
BCRA bonds, a good investment alternative
“The Boppreals remain as a good option for investors interested in investing in Argentina, at a more moderate risk than sovereign bonds. They are an ideal instrument for that investor who believes that the ruling will not make a good choice, but still wishes to be invested in Argentina within Milei management,” he said Pedro Moreyradirector of Guardian Capital.
According to the specialist, The most suitable suggestion would be the bopreal series 1 C and D, expiring in 2027for ending within the current presidential period. “Given a favorable electoral result, we could observe an appreciation of all Argentine assets, where the Boppreals would also be favored. The latter could also favor the 4 series, because a good electoral result now by the ruling would reinforce the perspectives of a good electoral result in 2027,” he explained.
Dollars savings
For its part, from the research team of Bridge They clarified that the shortest boppreals have a “low yield” that still reflects that restrictions on access to currency for companies are maintained, since this is a source of term dollars that does not affect cross restriction.
BOPREALES: A value shelter alternative
But still would be titles advisable for very conservative profiles that they want to have a risk of the Central Bank. On the other hand, the longest do provide a more “interesting profitability,” said the executives.
Along these lines, the financial analyst and advisor Mariano Monferini He said that shelters in dollarized financial instruments given the context of political and monetary instability seems like a good idea.
“Bopreal appear as an intermediate investment alternative for those who seek dollars with attractive profitability. In particular, Bopreal 1 Class C 2027 (BPC7D) and the Bopreal 1 Class D 2027 (BPD7D) pay more than 8% per year, while the 2028 approaches 11%,” he said.
Source: Ambito
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