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The latest announcement is out from Scorpio Tankers ( (STNG) ).
On January 16, 2025, Scorpio Tankers Inc. announced the successful placement of USD 200 million in new senior unsecured bonds in the Nordic bond market, which will mature in January 2030 with a 7.5% fixed coupon rate. The proceeds from this bond issuance will be used to refinance existing notes and for general corporate purposes, potentially strengthening the company’s financial positioning and operational flexibility.
More about Scorpio Tankers
Scorpio Tankers Inc. is a global provider of marine transportation for petroleum products. The company currently owns or lease finances 99 product tankers, including LR2, MR, and Handymax tankers, with an average age of 8.8 years.
YTD Price Performance: 8.77%
Average Trading Volume: 994,097
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.89B
Find detailed analytics on STNG stock on TipRanks’ Stock Analysis page.
