Athens' fledgling shipping bond market is gaining traction, with US-listed Capital Product Partners (CPLP) seeking to raise up to €150m ($173m) in bonds trading on the Greek stock exchange.
This will be the second maritime fixed-income security in Athens after a debut issue in May that saw containership player Costamare tap $122m through unsecured five-year bonds.
CPLP is primarily a containership company but it is selling the bonds to help expand its gas market footprint with a trio of LNG newbuildings owned by Capital Gas — the company of Evangelos Marinakis, who is a major CPLP shareholder and heads its sponsor company Capital Maritime.
