India's Great Eastern Shipping (GE) has raised INR 1.5bn ($23.39m) through a bond sale.
The debt matures over seven years with an interest rate of 8.05%.
The private placement was completed on 31 August, according to the National Securities Depository (NSDL).
Last week, the owner stepped into the sale and purchase market for the second time in as many months by buying a 35,420-cbm LPG ship built in 1997.
