Safe Bulkers raises €80.4m as Hajioannou eyes further fleet growth

Safe Bulkers has raised €80.4 million from its private placement, giving the Cyprus-linked dry-bulk shipowner additional room to fund its sizeable newbuilding programme while keeping the option of further vessel purchases firmly on the table.  The company completed the accelerated bookbuilding process on Wednesday, placing 12m new common shares with selected investors at €6.70 each. The figure represents gross proceeds, with the net amount to be available after transaction costs.  […]