Subscribe to RSS feedMOL issues seven-year bonds to repay loans
by
Steve Matthews, London
—
last modified
Dec 24, 2009 11:56 AM
MITSUI OSK Lines has completed a ¥20bn (US$221.5m) bond issue in Japan. The seven-year unsecured bond carries a coupon of 1.1% with an AA- rating from the Japan Credit Rating Agency.
According to the Japanese shipping company, the proceeds will be used for refunding and repaying loans and commercial paper used for vessel investment.
In a statement accompanying the announcement, MOL said that when raising funds to bolster business activities...
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