Reputable market sources claim the diversified Greek operator’s $700m bond offering has been met by what one observer described as a “lukewarm reception”.
If the rumour is true an analyst who tracks the notes of other publicly-traded owners believes DryShips will need to up the ante with a higher yield.
According to Bloomberg the campaign to raise cash started to unravel when Nasdaq-quoted shares of affiliate Ocean Rig began losing traction.
Industry
