Saleh talked to Marketplace about “frontier bonds” and the ocean of liquidity.
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Read it here.
JEREMY HOBSON: Bond investors are awash in dollars. One told me it was time to pass the snorkel. What to do with all that money? Forget Uncle Sam — his bonds aren’t paying much of a return these days.
Saleh Daher is managing director of the Turan Corporation. He says the best interest rates come from countries you need a passport, and maybe a couple of shots, to get to.
SALEH DAHER: There is a tremendous appetite for return all around the world. Even faraway places like Nigeria and Angola.
He says so-called frontier bonds can pay as much as much as 8 percent more interest than U.S. treasuries. And if you have a taste for adventure, some upcoming issues include bonds in Vietnam, Belarus and Iran.
But remember, there’s a reason they’re called frontier:
DAHER: If times are good, maybe they’ll get paid. If times are bad, they may not see their money ever again. This is the problem.
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