Costamare has become the first shipping company to sell a bond in Greece.

The US-listed, Greek-controlled containership owner raised €100m ($122m) from unsecured five-year bonds that will trade in the Athens financial market, sales managers said in an announcement.

The issue was heavily oversubscribed among potential investors in a book offering that ran from Wednesday to Friday last week.

Costamare received bids for bonds worth 6.7