tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

CMB.TECH Plans Potential Bond Issue Following Investor Meetings

Story Highlights
CMB.TECH Plans Potential Bond Issue Following Investor Meetings

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from Euronav ( (CMBT) ) is now available.

CMB.TECH has announced the arrangement of a series of fixed income investor meetings with the potential issuance of a USD denominated five-year senior unsecured bond, subject to market conditions. The proceeds from this potential bond issue are intended for general corporate purposes, including the refinancing of existing debt, which could impact the company’s financial strategy and market positioning.

The most recent analyst rating on (CMBT) stock is a Buy with a EUR11.20 price target. To see the full list of analyst forecasts on Euronav stock, see the CMBT Stock Forecast page.

More about Euronav

CMB.TECH is a prominent maritime group with a diverse fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels. The company also provides hydrogen and ammonia fuel, either through its own production or via third-party producers. Headquartered in Antwerp, Belgium, CMB.TECH operates globally with offices across Europe, Asia, the United States, and Africa. It is listed on Euronext Brussels, the NYSE, and Euronext Oslo Børs.

YTD Price Performance: -16.92%

Average Trading Volume: 278,044

Current Market Cap: €2.36B

For an in-depth examination of CMBT stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1