Piraeus-based Attica Group, the largest ferry owner and operator in Greece, on Thursday announced the oversubscription of a collateral-linked bond issue of 175 million euros that it floated, naftemporiki.gr reports.
The Group announced the largest portion of the proceeds from a bond sale is earmarked for refinancing debt at a reduced cost, and specifically for covering 99.05 million euros of debt racked up by subsidiaries. Another 25.94 million euros will be used to purchase scrubbers for ferry boats.
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