The company said the issue was several times oversubscribed. The five-year bond has a coupon of 7.75%.
The majority of the proceeds, EUR200m, will be used for refinancing and general corporate purposes, while the remaining EUR50m will be used for the early redemption of parts of 2015 notes issue.
The bond will be listed on the Luxembourg stock exchange.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.