Indonesian tanker owner Soechi Lines is lining up a bond sale worth $300.
The company will issue the debt over seven years, the Kontan daily reported, citing its president commissioner Paulus Utomo.
In January, the owner's outlook was downgraded by ratings agency Fitch due to a lack of cash flow visibility from its shipyard operations.
Despite the stability in its core tanker business, Fitch revised the outlook for the Indonesian owner from ‘stable’ to ‘negative’.
