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BW LPG prices USD 300 million senior unsecured convertible bond offering due 2031

PUBT·09/02/2026 05:04:48
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BW LPG prices USD 300 million senior unsecured convertible bond offering due 2031
  • BW LPG placed a USD 300 million offering of senior unsecured convertible bonds due 2031, convertible into new shares.
  • Bonds priced at par with a 2.25% fixed coupon, paid semi-annually starting March 9, 2027.
  • Initial conversion price set at USD 30.49 per share, reflecting a 40% premium adjusted for a USD 0.95 dividend.
  • Net proceeds earmarked to partly finance eight Panamax VLGC newbuilds at Hyundai Heavy Industries, alongside general corporate purposes.
  • Settlement expected around Sept. 9, 2026, with a bond listing or trading application planned within 90 days.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BW LPG Ltd. published the original content used to generate this news brief on September 02, 2026, and is solely responsible for the information contained therein.