Category WINNER
Deal of the Year Deal of the Year Award
Pacific Basin Shipping Despite volatile markets, Pacific Basin’s $175m bond issue was large in size relative to its market cap and with a longer than average tenor. Underscoring the company’s strong reputation, the issue was multiple times oversubscribed.
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Pacific Basin thanks Seatrade and its judges for awarding us the Deal of the Year prize for our 175-million-dollar commercial bond issued in December 2019. The deal further reduced our cost of capital and strengthened our already healthy liquidity position. We made it happen during a small window of opportunity while coincidentally all the senior PB finance managers were travelling, proving that even before the Covid-19 lockdown, we were well-equipped to attend to any business remotely.
Jay De Silva Treasury Director Pacific Basin Shipping
Peter Schulz CFO Pacific Basin Shipping
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Finalists
www.seatradeasiaawards.com
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