Hoegh LNG has revealed another major equity injection from the controlling Hoegh family and Morgan Stanley to avoid a more expensive bond buyback.

The FSRU and LNG carrier owner’s annual report shows the company raised another $19.8m from the shareholding partnership between the family and the US investment bank on 21 April, following injections totalling $48m in 2021.

Fearnley Securities said the deal showed “continued shareholder support”.

Last month, Hoegh LNG avoided a requirement to buy back two bond issues at 102% of par by pledging shares in US-listed spin-off Hoegh LNG as security for bondholders.