The Oslo bond market is definitely open again after investors backed two shipowners with $331m in two days — but the bounty on offer could prove short-lived.
Product tanker owner American Shipping Co (AMSC) succeeded in selling $200m of debt on Wednesday, following chemical tanker owner Stolt-Nielsen's deal for NOK 1.25bn ($131m) on Tuesday.
A number of Oslo-listed shipowners had previously said the market appeared closed following the last burst of activity in February, before coronavirus turmoil hit stock exchanges worldwide.
