Pacific Basin sees smooth waters for $125m convertible
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Asia

Pacific Basin sees smooth waters for $125m convertible

Hong Kong Junk_230

Pacific Basin Shipping raised $125m from a convertible bond on April 8, pricing the trade in the middle of guidance. A shadow bookbuild, a recent rally in the company’s stock, and the reluctance of the issuer to push investors too hard on terms ensured a successful outcome.

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