The New York-listed tanker owner launched a $150m senior notes offering today. The company says the notes will carry a 4.5% fixed interest rate and mature in 2019.

The paper will carry an initial conversion price of $8.125 per share, which compares with the last trade of its stock at $6.39 apiece.

DHT, which will close the private placement on 15 September, will be left with $145.5m