Financing ·
BW LPG Limited successfully placed a USD 300 million offering of senior unsecured convertible bonds due in September…
BWLPBW LPG Ltd
BW LPG Limited successfully placed a USD 300 million offering of senior unsecured convertible bonds due in September 2031. The bonds carry a fixed coupon of 2.25% per annum, payable semi-annually, with an initial conversion price of USD 30.4870 per share. Net proceeds will partly finance the newbuild program for eight Panamax VLGCs with Hyundai Heavy Industries and fund general corporate purposes. The company also disclosed a cash dividend of USD 0.95 per share payable around September 16, 2026, with an ex-dividend date of September 7, 2026. BW LPG is the world’s leading owner and operator of LPG vessels.