Marine Money looks at what makes the recent wave of 1st lien bonds so attractive to issuers and investors.

It has certainly been awhile. Last week, PAO Sovcomflot announced its intention to conduct an initial public offering and list its shares on the Moscow Exchange.

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Last week, Golar LNG Limited announced the successful pricing of its underwritten public offering of 11,000,000 shares of its common stock, at a public offering price of $8.75 per share (price talk of $8.50 to $9.00) raising gross proceeds of $96.25 million. The price reflected a discount of 6.7% from the closing price just prior to the announcement with the shares closing that day at a price of $8.54.

Forget the noise. Instead focus on some key numbers forTeekay LNG Partners: Total Forward Fee-Based Revenues of $9.8 billion; Total Forward Adjusted EBITDA of...

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Last week, ZIM Integrated Shipping Services Ltd. ("ZIM") announced that it had priced its initial public offering ("IPO") of 14,500,000 ordinary shares at a price of $15.00 per share, raising gross proceeds of $217.5 million, well in excess the initial filing amount of $100 million.

Yesterday, the Poseidon Principles Association announced that BNP Paribas, and Credit Suisse, become the 15th and 16th financial institutions to sign on to the Poseidon Principles, joining the original founding signatories.

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