BW LPG places $300M convertible bond offering due 2031

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Go back to BW LPG places $300M convertible bond offering due 2031

BW LPG Successfully Places a USD 300 Million Offering of Senior Unsecured Convertible Bonds

September 2, 2026 1:58 AM EDT

SINGAPORE--(BUSINESS WIRE)-- BW LPG Limited (BW LPG or the Company, OSE: BWLPG, NYSE: BWLP), the worlds leading owner and operator of LPG vessels, has today successfully placed an offering (the Offering) of USD 300 million senior unsecured convertible bonds due 2031 (the Bonds) convertible into new shares (the Shares) of the Company.

The Company intends to use the net proceeds to partly finance the newbuild program with Hyundai Heavy Industries for eight Panamax VLGCs, and for general corporate purposes.

Key terms of the Offering

The Bonds will be issued... More