Finnish owner Containerships has successfully sold a EUR 60m ($70.8m) senior secured bond.

It has a framework in place to up this to EUR 100m, it added.

The new debt matures in November 2021, with a floating coupon of three-months Euribor plus 6.25%.

It will be listed on the Nasdaq Helsinki exchange within 60 days.

Proceeds will refinance its EUR 50.5m