Private equity-backed shipowner Navig8 Chemical Tankers has completed a $93m bond issue to institutional buyers.
The Nicolas Busch-led shipowner said the guaranteed amortising notes, due 2027, carry a fixed coupon of 2.9% per annum.
Payment of all regularly scheduled installments of principal of, and interest on, the notes will be guaranteed by The Export-Import Bank of Korea (Kexim).
Navig8 Chemical Tankers said the notes are being issued in connection with the $390m credit facility announced in February last year.
The
