Overseas Bulktank Corporation / Intercontinental Bulktank Corporation
| Company Deal | Overseas Bulktank Corporation: 7.80% overseas arctic issue, $12,092,000 series A due December 1, 1990, $2,015,000 series B due December 1, 1973; Intercontinental Bulktank Corporation: 7.80% overseas Alaska issue, $12,054,000 series A due September 1, 1990, $2,009,000 series B due September 1, 1973 |
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| Transaction Type | United States Government Insured Merchant Marine Bonds |
| Deal Description | Overseas Bulktank Corporation and Intercontinental Bulktank Corporation issued the U.S. government insured merchant marine bonds to finance a portion of the cost of constructing two new 61,440-deadweight-ton steam turbine bulk oil tankers. Both vessels were constructed by Bethlehem Steel Corporation. |