Our firm advised the Joint Coordinators and Bookrunners (Piraeus Bank, Alpha Bank S.A. and Euroxx Securities S.A.) in connection with bond issuance of €100,000,000, by Costamare Participations Plc., with the guarantee of its parent entity, Costamare Inc., one of the world’s leading owners and providers of containerships for charter with 47 years of history in the international shipping industry. The proceeds will be primarily used for vessel acquisitions.

The transaction was the first-ever shipping industry bond and the first-ever bond issued by a non-Greek entity listed on the Athens Exchange. The offering received an overly positive response by investors by being nearly seven times oversubscribed and priced at 2.7%, the lowest end of the interest range.

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