US-listed Seaspan is lining up a bond issue and dual listing in Israel.
The Globes and Haaretz dailies reported that the company had filed a prospectus to sell a series of notes worth ILS 450m ($122.5m) on the Tel Aviv Stock Exchange.
The sale will be open to the public, with Leader Underwriters managing the deal.
As part of the rules for bond sales, Seaspan reportedly plans to carry out a dual listing of its New York shares in Tel Aviv.
The owner booked net earnings of $80m in the third quarter, up from $48.4m at the same stage in 2017, while the period saw operating cash flow set a new record of $142.2m.
Seaspan, which is set to invest in the offshore market with a $200m restructuring of Swiber Holdings, improved its liquidity position in the quarter.
It closed the first of two $250m equity investments with Fairfax, inked a $150m two-year corporate revolving credit facility and collected a further $150m from a preferred share sale.
Seaspan has been contacted for comment.
