# BW LPG Launches Approximately USD 300 Million Senior Unsecured Convertible Bond Offering

- Press release: BW LPG Launches Approximately USD 300 Million Senior Unsecured Convertible Bond Offering (2026-09-01)
- Original: https://storage.mfn.se/f182dd1a-b42f-486a-a6bb-70b031cee9bf/bw-lpg-launches-approximately-usd-300-million-senior-unsecured-convertible-bond-offering.pdf
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** BW LPG is launching a USD 300 million senior unsecured convertible bond offering due in 2031 to partly finance its newbuild program of eight Panamax VLGCs and for general corporate purposes.

## Takeaways
- **Offering Size:** Approximately USD 300 million in senior unsecured convertible bonds.
- **Maturity:** Bonds due on September 9, 2031.
- **Interest Rate:** Expected to be between 2.00% and 2.50% per annum, paid semi-annually.
- **Conversion Premium:** Initial conversion price set at a 35% to 40% premium above the share reference price.
- **Use of Proceeds:** Primarily to partly finance the newbuild program for eight Panamax VLGCs from Hyundai Heavy Industries.
- **Dividend Adjustment:** Conversion price will be adjusted for BW LPG's cash dividend of USD 0.95 per share payable around September 16, 2026.

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