Taipei: Taipei-listed bulker operator Wisdom Marine has announced that it plans to raise $80m through an overseas bond issue. The raised funds will be used for fleet expansion.
J.P. Morgan Securities will be the overseas underwriter and MasterLink Securities will be the domestic underwriter of the bond issue.
Wisdom Marine added another bulker into the fleet in January, with the company expected to have a fleet of 100 vessels by the first quarter of 2015. [27/02/15]