Seanergy Maritime Holdings has successfully completed its debut public bond offering on the Athens Stock Exchange, raising €100 million in a deal that was more than twice oversubscribed.
The Nasdaq-listed dry bulk carrier reported that investor demand reached €202.8 million, representing a 2.03x oversubscription ratio for the €100 million issuance.
The strong uptake underscores robust appetite for Greek-listed corporate debt among institutional and retail investors, even as the company maintains its primary listing in the United States.
The offering, which launched on July 6, marks a significant milestone for the Athens market, which has seen renewed support in recent weeks driven by gains in the banking and energy sectors.
The successful debut adds to the growing pool of high-quality corporate issuers on the Greek exchange, providing investors with more diversified yield opportunities beyond sovereign paper.
Stamatis Tsantanis, chairman and chief executive of Seanergy, led the company through the transaction.