New York-listed Scorpio Tankers has continued to preserve and add to liquidity through a $138m transaction involving convertible bonds.
The company said it had negotiated private agreements with certain holders of its 3% notes due in May 2022 to exchange $62.1m of the outstanding $151m for new bonds due in May 2025.
This pushes out a final repayment for three years, leaving $89.1m
