May 28 (SeeNews) - Croatian shipping company Atlantska Plovidba [ZSE:ATPL] said it has signed a sell-and-leaseback deal with an unnamed Chinese financial institution for bulk carrier AP Ston.
The deal was signed on May 27 with the purpose of refinancing of the investment in the ship, Atlantska said in a statement on Wednesday.
The five-year leaseback agreement was signed at competitive market terms and will be serviced monthly, the company said, without disclosing further details.
South Korean shipbuilding company STX completed the construction of AP Ston in August 2012. Atlantska Plovidba took delivery of the vessel the same year.
Atlantska Plovidba is a blue-chip company on the Zagreb Stock Exchange. Its shares traded flat at 193.50 kuna ($28/25.5 euro) by 09:12 CET on Thursday.
(1 euro = 7.58689 kuna)