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Hapag-Lloyd boosts size of bond offering to EUR250m
DUE to the high demand for the five-year bond with a coupon of 6.75 per cent offered to investors last week, German carrier Hapag-Lloyd has upsized the volume of the offering to EUR250 million (US$266 million) from EUR150 million.
After the upsizing of the bond, an increased part of the proceeds, amounting to $125 million (EUR117 million) will be used for the early full redemption of US dollar notes due this fall, according to American Shipper.
After the upsizing of the bond, an increased part of the proceeds, amounting to $125 million (EUR117 million) will be used for the early full redemption of US dollar notes due this fall, according to American Shipper.
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