NOL sets second notes issue under Euro Medium Term Note Programme
S$300 million 4.40 percent notes due 2021 to finance new vessel orders
Singapore, 09 Jun 2011:
The notes, expected to be issued on 22 June 2011, will bear interest at 4.40 percent and be redeemable 22 June 2021. NOL will have the option to redeem the notes, in whole or part, at any time after 22 June 2016.
This will be the second issue of notes under the programme established by NOL in 2010. Last September, NOL issued S$280 million 4.65 percent notes due 2020.
DBS Bank Ltd. has been appointed as the Global Coordinator, and DBS Bank Ltd., Standard Chartered Bank and The Hongkong and Shanghai Banking Corporation Limited have been appointed as Joint Lead Managers and Bookrunners, for the notes.
About NOL
Neptune Orient Lines Limited (NOL) is a Singapore-based global container shipping and logistics company. Its container shipping arm, APL, provides world-class container shipping and terminal services and intermodal operations supported by leading-edge IT and e-commerce. Its logistics business, APL Logistics, provides international, end-to-end logistics services and solutions, employing the latest IT and data connectivity for maximum supply chain visibility and control. NOL Web site: www.nol.com.sg
NOL