Issuance of Common Bond Loan by CPLP Shipping Holdings PLC
27 July 2022 |
Issuance of Common Bond Loan by CPLP Shipping Holdings PLC |
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The Athens Stock Exchange welcomed CPLP Shipping Holdings PLC today on the listing of its second corporate bond on the Regulated Market of the Athens Stock Exchange.
Mr. Nikolaos Kalapotharakos, Chief Financial Officer of Capital Product Partners L.P., and Mr. Miltiadis Marinakis officially opened the trading session.
"We are delighted to welcome today the management and executives of Capital Product Partners L.P., as well as representatives of the underwriters of this highly successful second corporate bond issuance, with a nominal value of €100 million. The significant oversubscription of the issue clearly reflects the strong investment interest from both private and institutional investors," stated Alexios Pilavios, Vice President of Hellenic Exchanges – Athens Stock Exchange, during his address. He further emphasized: "It is particularly noteworthy that the funds raised will be used to finance the company's large-scale green investment program, focusing on acquiring a new generation of vessels capable of transporting liquefied natural gas (LNG). It is a great pleasure and honor for us when companies from the vital shipping sector choose the Athens Stock Exchange to finance their investment plans. I sincerely hope that CPLP’s example will soon be followed by other shipping companies, not only in the bond market but also in the equity market of the Stock Exchange."
Vasiliki Lazarakou, Chair of the Hellenic Capital Markets Commission, extended her congratulations to the entire Capital Product Partners L.P. team, stating: "It is extremely important for shipping companies to raise capital from the Greek capital market. The Capital Markets Commission is here to support such issuances in every possible way. It is crucial to see companies with substance, vision, and prospects accessing funds through the Greek capital market, especially in these challenging times."
Jerry Kalogiratos, CEO of Capital Product Partners L.P., remarked: "It is a great honor and pleasure for us to mark the first trading day of CPLP Shipping Holdings PLC’s second corporate bond. Last October, following the success of our first bond issuance, we noted that it set a significant precedent for the future. With this second bond issuance, we are building upon that foundation, and with the trust of Greek investors—both private and institutional—we can further strengthen our growth strategy and expand our presence in the LNG transportation sector, which today, more than ever, plays a pivotal role in the energy transition and in reducing Europe and Greece's dependence on pipeline-delivered natural gas. I believe this issuance demonstrates that the Greek capital market serves as a reliable source of funding for the Greek shipping industry, particularly for companies with a strong financial profile and prudent investment plans, such as Capital Product Partners. "
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