** Scorpio Tankers' STNG.N shares down 1.7% to $83.22 early Fri after co raises additional capital by reopening recently issued convertible bonds (CBs)

** Petroleum products shipper late Thurs announced pricing private offering of $200 mln of its 1.75% convertible bonds due 2031

** Offering priced at 110.25% of par, plus accrued interest of about $1.56 per $1,000 principal amount, resulting in $220.5 mln gross proceeds

** The new CBs to be issued under same indenture as its $375 mln CBs (including full exercise of purchasers' option) issued on Apr 10

** Similar to last month's deal, STNG to use $55 mln of net offering proceeds to repurchase 649,427 of its shares to facilitate hedging by investors in the CBs, and remainder for general corp purposes

** With the move, STNG stock up ~64% YTD and has roughly doubled over the past 12 months

** 10 of 11 analysts rate the stock "strong buy" or "buy", 1 "hold"; median PT of $96 up from $84 a month ago, according to LSEG data