Topaz Marine HY offering shines through in murky sector

By Virginia Furness
20 Jul 2017

Dominance in one of its operational markets enabled Topaz Marine to raise $375m of five year money on Wednesday despite coming from what the leads acknowledge to be a ‘tough sector.’

Topaz provides support vessels for oil exploration and has operations in the Middle East, as well as the Caspian Sea, where it has little competition. Though oil prices have climbed back to $50 a barrel after dropping below $45 in June, investor reception to oil credits has been ...

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