Safe Bulkers has become the third shipping company to sell bonds on the Athens Exchange.
The Polys Hajioannou-led company successfully raised €100m ($114m) in a sale of unsecured, five-year paper, according to a statement by book runners late on Wednesday.
This is about the same amount and paper as that issued last year by Greek peers Costamare and Capital Product Partners (CPLP), which broke the market open.
