But Angeliki Frangou, chairman and chief executive of three US-listed group companies — Navios Maritime Holdings, Navios Maritime Acquisition Corp and Navios Maritime Partners — believes the unique aspect about the group’s financing record is the different types of capital it has raised.
In 2006, Navios was the first dry bulk company to enter into unsecured bonds when ship finance was costing Libor (the London interbank offered rate) plus 60 basis points.
“That
