More BLT

On Wednesday, Berlian Laju Tankers announced that it had successfully priced and privately placed a $100 million 12% guaranteed convertible bond issue due 2015. Based upon very strong investor demand, the underwriters utilized the $25 million upsize option. The capital was sourced worldwide: 32% Hong Kong, 22% U.S., 12% Indonesia, 12% UK, 11% Norway and 11% Singapore and other.

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