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HomeMaritime NewsRegionsAsiaNOL to launch bond offering

NOL to launch bond offering

NOL to launch bond offering
Singapore: Neptune Orient Lines (NOL) is planning to launch a bond issue under its $1.5bn Euro medium term notes programme.  

NOL said it had mandated DBS Bank, Hongkong and Shanghai Banking Corporation, Oversea-Chinese Banking Corporation and Standard Chartered Bank as joint lead managers for the offering of Singapore dollar denominated notes under the programme. The offering was expected to be launched on Monday.

“Proceeds from the proposed transaction will be used for general corporate funding purposes and investments,” NOL said.

TAGS: Singapore
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