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BW LPG launches USD 300 million senior unsecured convertible bond offering

PUBT·09/01/2026 14:46:51
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BW LPG launches USD 300 million senior unsecured convertible bond offering
  • BW LPG launched an offering of about USD 300 million senior unsecured bonds due 2031, convertible into new shares.
  • Net proceeds earmarked to partly finance an eight-vessel Panamax VLGC newbuild program at Hyundai Heavy Industries, with remaining funds for general corporate purposes.
  • Bonds expected to price at par with 2.00%-2.50% annual interest, paid semi-annually.
  • Initial conversion price set at a 35%-40% premium to a share reference price, adjusted for a USD 0.95 dividend.
  • Settlement slated for Sept. 9, 2026; redemption at par due Sept. 9, 2031 unless converted or redeemed earlier.


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 01, 2026, and is solely responsible for the information contained therein.