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New 'Baby Bond' Is Trading Now From Star Bulk Carriers At 8.3%
Nov. 15, 2017 11:49 AM ET10 comments
by: Bruce Faitsch
Summary
Star Bulk Carriers (SBLK) recently issued senior notes at 8.3% that mature in 2022,
callable in 18 months.
Star Bulk Carriers is well positioned to take advantage of an improving outlook in dry
bulk shipping with 70 vessels and more on the way.
This "baby bond" carries some risk for conservative investors looking for more
income, but would be senior to common stock in the event of bankruptcy.
Star Bulk Carriers: This 8.30% 'Baby Bond' Started Trading On The NASDAQ - Star Bulk Carriers Corp. (NASDAQ:SBLK) | Seeking Alpha