Tags: ASIASTAFF | ASIAX | BBCHTO | BIZNEWS | BNALL | BNCOPY | BNSTAFF

Pimco Sees Investment Opportunity in Asia State-Backed Utilities

Wednesday, 30 Oct 2013 07:11 AM

Pacific Investment Management Co., which managed $1.97 trillion as of Sept. 30, says in an e-mailed statement today. *Quasi-sovereign utilities in emerging Asia have operational and financial advantages and may offer a spread above corresponding government debt: report *The region’s “tremendous” scope for infrastructure development, especially in electrification, may translate into investment opportunities: report *The amount of debt issued by Asian utilities has quadrupled to $19b in the last five years: report *Despite state support, underlying cash flow can be volatile and credit fundamentals can weaken: report *Tariff increases not keeping up with rising fuel costs can sap cash flows: report

--Editors: Pavel Alpeyev, Andrew Monahan

To contact the reporter on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net

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*Despite state support, underlying cash flow can be volatile and credit fundamentals can weaken: report *Tariff increases not keeping up with rising fuel costs can sap cash flows: report
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Wednesday, 30 Oct 2013 07:11 AM
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