Pacific Basin to raise USD 125 million through bond loans

Hong Kong-listed dry bulk giant will tap the bond market for capital for the fourth time before another bond loan matures next year.

Dry bulk carrier Pacific Basin, listed on the Hong Kong Stock Exchange, plans to raise USD 125 million by issuing new bonds, informs the carrier.

This marks the fourth time that Pacific Basin taps the bond market for capital. The new convertible bonds, with an annual cash coupon interest of 3.25 percent, will mature in July 2021.

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