AsiaDry CargoFinance and Insurance

Precious makes $100m from public offering

Thailand’s Precious Shipping has raised THB3.59bn ($99.72m) through a public offering of debentures.

Some 3.59m of the units were sold at a par value of THB1000 each in the offering, which was approved in November. The proceeds were transferred into $99.72m in US dollars.

The debt has a tenor of five years and a 5.25% interest rate, the bulker owner said today.

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Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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