HomeFixed IncomeSPOTLIGHT: How Green is Green? Teekay Tankers Debuts Debt Issuance

SPOTLIGHT: How Green is Green? Teekay Tankers Debuts Debt Issuance

Bermuda-based Teekay Tankers, the largest operator of shuttle tankers in the world with a market share of 35%, has become the first Western shipping company to issue a green bond. The five-year US$125 million transaction (slightly down from the originally planned US$150 million) will partially fund four 'E-shuttle' new builds currently under construction, to be […]

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