Shipper Clinches HY Bond

Shipper Clinches HY Bond

Bahamas Bonds

Ultrapetrol, a Bahamas-based South America-focused industrial shipping specialist has priced a $200m bond, landing a deal during a week in which investor skittishness about US rates has seen others put off deals. The 2021 NC3 bond priced at par with an 8.875% coupon, at the tight end of 9.000%-area guidance, according to a source familiar with the matter. The notes are secured by first-priority ship mortgages on certain barges and vessels of Ultrapetrol. It is looking to raise funds to repay $18

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial