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You are here: Home → Archive → 2009 → October → Weekly Edition 29th October 2009 → Maersk taps bond market

Maersk taps bond market

by Richard Meade, London — last modified Oct 29, 2009 03:42 PM

SHIPPING giant AP Moller-Maersk has entered the international bond markets for the first time with a €750m (US$1.1bn) bond sale.

The shipping and energy conglomerate, which faces an expected full-year loss of US$2bn and has US$19.3bn worth of debt on its books, intends to use the proceeds to refinance its bank debt as well as for “general corporate purposes”.

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