Credit Suisse sees opportunity in Brazil inflation-indexed bonds

SAO PAULO Wed Dec 4, 2013 11:21am EST

SAO PAULO Dec 4 (Reuters) - Credit Suisse Group's asset management division in Brazil is adding local government inflation-indexed bonds maturing between three and five years after they suffered an "exaggerated" correction, a top executive said on Wednesday.

The notes, known in Brazil as NTN-Bs, are "looking interesting," said Luis Stuhlberger, Credit Suisse Hedging Griffo's Chief Investment Officer, at an event in Sao Paulo.

The unit manages about 46 billion reais ($19.38 billion) in assets.

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