Be Bullish – Titan Tapping Bond Market for Tanker Investments

You know a public company is truly bullish when they use bonds to raise capital instead of equity at this point in the cycle, despite solid stock market valuations. Although the difference may seem like a subtle one, it’s not – companies that issue bonds are basically saying that they do not want to give up any of the upside and are not particularly worried about the potential downside of correcting markets. Not surprisingly, we have not seen tons of bond issuance here in New York, despite the fact that yields are tighter (lower) than they have been for many years.

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