Capital Product Partners (CPLP) provided further impetus to its home country’s fledgling bond market, raising €150m ($175m) on the Athens Stock Exchange.
The five-year, unsecured paper pays a coupon of 2.65% and will help finance the containership company’s $623m expansion into LNG carriers through the acquisition of three newbuildings that will double its fleet of such vessels to six.
"The bond was issued at the low end of the yield range, based on exceptionally high demand," CPLP chief executive Jerry Kalogiratos said.
