New York-listed Scorpio Tankers has priced its latest notes offering to raise $50m as it seeks to refinance older debt.

The company said the notes will mature on 1 June, 2019, and carry interest of 8.25% per year.

Underwriters have a 30-day option to buy another $7.5m of the debt.

The deal is expected to close on Friday.

The issue was announced on Tuesday.