Takeover target Aurora LPG has turned to the bond market for the first time in order to raise cash.
The LPG carrier owner said it is contemplating the issuance of new senior unsecured bonds worth NOK 200m ($23.2m).
The move follows a takeover attempt from Avance Gas, which launched a bid for Aurora 10 days ago.
But Aurora chief executive Borge Johansen says the bond issuance has nothing to do with the offer from Avance.
Nikolai
