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NOL lines up $1.5bn bonds programme

NOL lines up $1.5bn bonds programme

Singapore: Neptune Orient Lines is lining up a $1.5bn bond programme. Singapore-listed NOL said it has established a $1.5bn Euro medium notes issue under which the company said it may issue notes. DBS Bank, Hong Kong and Shanghai Banking Corp and Standard Chartered Bank have been appointed as arrangers of the programme. NOL said net proceeds from the programme would be used for general corporate purposes. [28/06/10]

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