US-listed Safe Bulkers is taking the well-trodden path opened last year by Greek peers Costamare and Capital Product Partners (CPLP) to raise funds on Athens’ fledgling shipping bond market.
The owner of nearly 50 bulkers unveiled on 31 January plans to raise up to €100m ($113m) in its home country through unsecured, five-year paper.
Bookbuilding will run between 9 and 11 February led by local lenders Piraeus, Alpha and Optima Bank and broker Euroxx Securities.
