Pacific Basin to raise USD 175 million

Hong Kong-based bulk carrier Pacific Basin plans to issue convertible bonds to raise USD 175 million. Part of the money will be spent on ship financing.

Photo: PR / Pacific Basin

Dry bulk shipping company Pacific Basin plans to gain a triple-digit million-dollar amount via a new convertible bond issue.

The Hong Kong-based company aims to raise USD 175 million, part of which will go to ship financing.

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