With the aim to strengthen its investment strategy the Nasdaq listed Seanergy Maritime Holdings Corp. proceeded to the trading of its inaugural €100 million unsecured corporate bond (SHIPB1) on the Fixed Income Securities Segment of Euronext Athens on Tuesday, July 14, 2026. The 5-year bond, maturing in July 2031, features a 4.90% annual coupon. Backed by overwhelming interest from retail investors—who secured 92% of the allocation—the public offering was oversubscribed by 2.03 times, attracting total orders exceeding €202.8 million.
Purpose of the Bond
The net proceeds of approximately €95.6 million will provide Seanergy with vital, non-dilutive fixed-rate capital. The company intends to deploy these funds to finance part of its ambitious fleet expansion, including newbuilding vessel orders and second-hand acquisitions, as well as covering general corporate and working capital needs. Capital product coordination and advisory services were flawlessly executed in collaboration with Euronext Athens and the Hellenic Capital Market Commission.
The financial advisors, underwriters, and coordinators involved AXIA Ventures Group Ltd., Piraeus Bank (Τράπεζα Πειραιώς) S.A., Optima Bank S.A., Securities S.A., Pantelakis Securities S.A.
Stamatis Tsantanis the Chairman and CEO of Seanergy Maritime, made several key statements regarding the successful listing of the €100 million bond on Euronext Athens and the company’s outlook:
- On the Bond Issuance he expressed his deep satisfaction with the successful transaction, calling it a major milestone for Seanergy in the Greek capital markets. He emphasized that the overwhelming response from the Greek investment community represents a powerful vote of confidence in the company's business model and strategic direction, fueling its continued growth.
- On Financial Performance he shared highly optimistic projections, stating that following an exceptionally strong first quarter, Seanergy is on track to record the best and most historic second quarter in the company's history.
- On the Capesize Market & Global Demand he highlighted the robust fundamentals of the dry bulk sector. He explained that global macroeconomic drivers—such as the rapid expansion of energy-intensive AI data centers, heavy infrastructure investments, and worldwide construction—are driving up demand for raw materials (like iron ore and bauxite) transported by Seanergy's fleet. Furthermore, he noted that a historically low global orderbook (limited supply of new ships) coupled with the upcoming need to phase out older vessels will keep the market highly favorable for years to come
Company Profile
Seanergy Maritime is a prominent, pure-play Capesize shipping giant. The company operates a modern, high-capacity fleet specializing in the dry bulk marine transportation of raw materials like iron ore and coal. Currently managing an operating fleet of 19 vessels (17 Capesize and 2 Newcastlemax) with a total capacity of 3.46 million dwt, Seanergy is aggressively modernizing. Its forward-looking investment program features 7 state-of-the-art vessels under construction (6 Capesize and 1 Newcastlemax), totaling 1.30 million dwt. Scheduled for delivery between 2027 and 2029, this project will elevate Seanergy's total fleet capacity to over 4.4 million dwt, underscoring its long-term growth and commitment to eco-efficiency.
Image: Stamatis Tsantanis, Chairman & Chief Executive Officer of Seanergy Maritime Holdings Corp., and members of the Seanergy team rang the bell during a ceremony this morning to celebrate the listing of the company's inaugural €100 million corporate bond on Euronext Athens
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