SFL Corp has managed to raise $150m from selling what are known to be the shipowner’s first sustainability-linked bonds.

The New York-listed company said it successfully placed $150m in the five-year, senior unsecure bonds on Thursday.

“Net proceeds will be used to refinance existing bonds and for general corporate purposes,” SFL said in a statement.

The company, which operates from Oslo, appointed DNB Markets, Arctic Securities and Pareto Securities as joint bookrunners.