SAI Postpones Dollar Bond

SAI Postpones Dollar Bond

Argentina Bonds Corporate & Sovereign Strategy

Market uncertainty and mixed views on pricing have forced LatAm oil services provider San Antonio Internacional (SAI) to postpone a $500m 7-year NC4 bond, investors say. The issuer met with the buyside last week, aiming for an 11% plus yield, but failed to emerge with a transaction Monday. While some investors blame market factors for the postponement, others say SAI simply represented too much risk to warrant exposure even at low double digits, or a touch higher. “San Antonio is a tough bu

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