New York-listed Scorpio Tankers in positioning to tap a new source of liquidity with a $75m expansion of an existing "baby bonds" programme.
The tack, announced in a securities filing on Tuesday, allows the world's largest product tanker owner to sell five-year notes due in 2025 at times of its choosing. The move is effectively a bond version of the "at the market" share issuances popular with shipowners.
