Information  X 
Enter a valid email address

Blue Star Maritime (BSMD)

  Print          Annual reports

Friday 18 August, 2006

Blue Star Maritime

Issue 10M. secured bond loan

Blue Star Maritime S.A.
18 August 2006


                              BLUE STAR MARITIME S.A.


                                 PRESS RELEASE

                 BLUE STAR MARITIME S.A. ISSUES A € 10 MILLION
                               SECURED BOND LOAN


Blue Star Maritime S.A. announces the issuance of a € 10 million secured bond
loan, which was arranged and fully subscribed by Citibank International Plc.,
Greece.  The proceeds of the bond loan will be used to finance part of the
acquisition cost of the newly acquired M/V Diagoras.

The bond loan consists of 10,000 bonds with Nominal value of each bond set at €
1,000 and is repayable over 8 years.

The interest rate was set at EURIBOR plus a margin of 1,25%.  The bond loan is
secured by a first preferred Greek ship mortgage on M/V Diagoras.



                             Voula, 18 August, 2006





For more information please contact:
Mr. Dionissis Theodoratos
BLUE STAR MARITIME S.A.
Tel.: +30 210 891 9820
Fax: +30 210 891 9829
e-mail: [email protected]



                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                      

a d v e r t i s e m e n t