Pacific Basin raises $123.8 million from six-year CB

The Hong Kong-headquartered dry bulk shipping company prices the deal with a 27.5% conversion premium.
<div style="text-align: left;"> A handymax-sized bulk carrier </div>
<div style="text-align: left;"> A handymax-sized bulk carrier </div>
September 24, 2012

Pacific Basin Shipping has raised $123.8 million from the sale of a six-year convertible bond to help expand its fleet.

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