STX Pan Ocean Issues Bonds for the 4th Time

Last Friday, news came out that STX Pan Ocean had raised 200 million worth of convertible bonds together with appointed bookrunner Goldman Sachs International, co-lead manager Tong Yang Securities and co-manager BNP Paribas Capital (Asia Pacific). Based on our records, this would be STX Pan Ocean’s fourth bond issuance in 2009 but the latest offering marks a clear deviation from the previous domestic straight bond issuances. This time, STX Pan Ocean has tapped the pool of global investors, riding on the positive sentiments both in the stock and dry bulk markets. Freight rates in the dry bulk sector have been surprisingly robust over the past three months with the BDI bursting through the 4,000 mark last Friday.

This is only an excerpt of STX Pan Ocean Issues Bonds for the 4th Time

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login
Username
Password

Related Archive Files

• No Related Post