Russian giant Sovcomflot has belied the difficult ship finance market to complete a substantial bond issue.
The Sergey Frank-fronted owner has banked $750m from an unsecured Eurobond sale that refinances existing bond debt, finance sources reveal.
It is said the issue attracted interest from investors in Russia and the US at terms that are considered competitive in today’s environment.
The bonds will carry a coupon of 5.375%
