New York-listed Diana Shipping has been able to refinance outstanding Norwegian bonds with a new Oslo issue at a lower interest cost.
The Greek dry bulk owner said on Tuesday that it is paying 8.38% on the $125m issuance of senior unsecured five-year notes after the deal was oversubscribed.
The deal takes out a similar bond issued in 2018 and maturing in 2023 that was priced at 9.5%.
