The company said it would sell 4m redeemable preference shares carrying interest of 8.75%.
An underwriters’ option for another 600,000 shares could add $9m to the pot.
UBS Securities, Morgan Stanley and Stifel are acting as joint book-running managers. Credit Suisse Securities is the joint lead manager.
The deal is expected to close around 7 April.
GasLog CFO Simon Crowe said the offering broadens its capital structure, further diversifying its funding sources.
“The
