Asian telco bonds seen gaining in '04-CAI


HONG KONG, Jan 16 (Reuters) - Asian dollar bonds are likely to rally further in 2004 after delivering sizzling returns last year, with deleveraged and recovering telcos likely to outperform, according to but Credit Agricole Indosuez. After contracting by an average of about 50 basis points (bps) in 2003, Dilip Parameswaran, Credit Agricole's director of fixed income credit research believes Asia's strong economic fundamentals will increase demand for Asian credits. "Asian spreads will ...

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