BW LPG Launches Approximately $300 Million Convertible Bond Offering
By Amit Chowdhry ● Sep 1, 2026
BW LPG has announced a significant capital-raising initiative, launching an offering of senior unsecured convertible bonds valued at approximately $300 million, maturing in 2031. This strategic move aims to bolster the company’s financial resources, primarily to support its ambitious newbuild program in collaboration with Hyundai Heavy Industries. The program involves building eight state-of-the-art Panamax Very Large Gas Carriers, which are expected to enhance the company's operational capabilities and market position.