Navios sails solo but Lat Am bankers hold hopes for pipeline

By Oliver West
06 Jun 2019

Uruguay-based shipping and logistics firm Navios South American Logistics was the only Latin American borrower on a roadshow this week but debt capital markets bankers hope that a benevolent rates environment may cajole nervous issuers into primary markets.

Citi andMorgan Stanleywill wrap up investor meetings with Navios on Friday as it seeks to raise $483m of senior secured amortising 2037 notes via its BB+/BBB- rated Cayman Island-based trust Mineral Logistics.

Though Latin American bond markets ended the previous week on a low note ...

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