# BW LPG successfully places a USD 300 million offering of senior unsecured convertible bonds

- Press release: BW LPG successfully places a USD 300 million offering of senior unsecured convertible bonds (2026-09-02)
- Original: https://storage.mfn.se/524d735c-3b57-4685-a496-b045388b0f0d/bw-lpg-successfully-places-a-usd-300-million-offering-of-senior-unsecured-convertible-bonds.pdf
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** BW LPG successfully raised $300 million through a convertible bond offering to partially fund its newbuild program of eight Panamax VLGCs and for general corporate purposes.

## Takeaways
- BW LPG successfully placed a $300 million offering of senior unsecured convertible bonds due 2031.
- The bonds bear a fixed coupon of 2.25% per annum, payable semi-annually.
- The initial conversion price is set at $30.4870 per share, representing a 40% conversion premium over the reference share price.
- The net proceeds will partly finance the newbuild program for eight Panamax VLGCs and for general corporate purposes.
- The company will be subject to a 90-day lock-up period on shares and equity-linked securities.

*Generated 2026-09-13 via google/gemini-2.5-flash*