Telefonica Chile: Three Alternatives, Choose Wisely – Positive

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Dec-10 13:37By: Robert Kessler
Emerging Markets+ 1

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  • MOVCHI 31s were quoted at $57.5, 14.4% yield, down 4 points since June 30th and 20 points YTD. Telefonica of Spain is seeking to sell its Chile assets, but the market price for MOVCHI notes reflects pessimism for who the buyer might be, if any.