Strong early-take-up of Fesco’s bond buy-back has prompted the Russian owner to acquire another $45m of its US debt.
The containership specialist said it had received tenders to sell $128.65m and $88.85m respectively from holders of its $550m 8% notes due 2018 and $325m 8.75% notes due 2020.
It had intended to repurchase $85m of the debt, but will now extend this to $130m.
