New York-listed Scorpio has filed a preliminary prospectus to sell paper worth $57.50m.
It is working with Stifel, Deutsche Bank Securities and Jefferies on the offering.
Scorpio Bulkers has made major strides in funding its vast orderbook in recent weeks.
A $540m loan facility with European lenders is in the bag and the owner has received a proposal from European and Asian lenders to help pay for up to 60% of its remaining unfinanced vessels.
TradeWinds
