Chembulk has tapped the bond market for $200m in a move aimed at refinancing debt and funding growth.
The shipowner teamed with DNB Markets to issue the fresh paper which will mature in January 2023, according to a presentation seen by TradeWinds.
It comes as Chembulk believes the chemical tanker market is improving supported by positive global economic developments.
Chembulk is today backed by KKR and York Capital, which invested $379m in fresh equity into the business in 2015.
