Neptune Orient Lines will raise S$280 million from a bond issue, bearing interest of 4.65 percent. The notes will be due for redemption in 2020.
DBS Bank has been appointed as the sole lead manager and bookrunner for the notes.
The notes are expected to be issued on September 9, 2010 and mature on September 9, 2020.
The net proceeds of the notes will be used to partially finance the order for a total of 12 new container ships that was announced by the company in July and August this year.
Application will be made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the notes.
DBS Bank has been appointed as the sole lead manager and bookrunner for the notes.
The notes are expected to be issued on September 9, 2010 and mature on September 9, 2020.
The net proceeds of the notes will be used to partially finance the order for a total of 12 new container ships that was announced by the company in July and August this year.
Application will be made to the Singapore Exchange Securities Trading Limited for the listing and quotation of the notes.