BW adds $50m

Strong demand from investors has allowed BW Group to sell an extra $50m of its bonds.

It will now raise $250m from the issue announced earlier on Wednesday, for general corporate use.

BW Group has fixed the interest at 1.75%.

The company said the notes are convertible into shares of BW LPG.

There are no plans to list the issue.

ABG Sundal Collier and BNP Paribas are joint bookrunners.