Indian owner Great Eastern Shipping has completed a sale of debentures worth INR 4bn ($59m) as it continues to expand its fleet.
The tanker and bulker company said the non-convertible securities were placed privately in two tranches of INR 2bn each.
They will carry interest of 8.24%.
The company last week reportedly snapped up a pair of aframax tankers from Phoenix Energy Navigation to continue an aggressive buying spree.
