Teekay Shuttle Tankers issues green bonds

Teekay Shuttle Tankers issues green bonds

Teekay Shuttle Tankers has completed the placement of $125m senior unsecured green bonds due October 2024.

The proceeds from the bond issue will be used in accordance with Teekay Shuttle Tankers’ Green Bond Framework to partially fund four E-Shuttle newbuilds currently under construction, with planned deliveries in 2019 and 2021.

SEB acted as global coordinator, sole green advisor and joint lead manager. Danske Bank, DNB and Nordea acted as joint lead managers.

Teekay Shuttle Tankers now operates a fleet of 24 tankers with seven newbuildings on order at Samsung Heavy Industries.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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