A.P. Møller-Mærsk Issues Eurobonds



A.P. Møller-Mærsk made the most of cheap financing, issuing its first Eurobonds in three years.  The Danish shipping giant issued Eurobonds worth EUR600m due in November 2022 with a coupon of 1.5%.

The transaction is A.P. Møller-Mærsk’s first Eurobond offering since 2012 and is expected to be rated BBB+ by S&P and Baa1 by Moody’s.  The net proceeds will be used for general corporate purposes, the company said in a release.

The bonds will be listed on the Luxembourg Stock Exchange.

Underwriters were Barclays, Commerzbank, Danske Bank, HSBC, and Société Générale.

Source: Maersk


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