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Home Ocean Freight A.P. Møller - Mærsk A/S secures NOK 4.0 billion in the Norwegian bond market

A.P. Møller - Mærsk A/S secures NOK 4.0 billion in the Norwegian bond market

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Copenhagen, 4 December 2009. - A.P. Møller – Mærsk A/S has today placed 5-year NOK bonds for a principal amount of NOK 2.0 billion with a floating rate coupon of 3M-NIBOR (Norwegian Inter Bank Offered Rate) + 185 basis points and 7-year NOK bonds for a principal amount of NOK 2.0 billion with a fixed rate coupon of 6.25%.

The net proceeds from the bond issue will be used for general corporate purposes and for repayment of drawings under longer term bank revolving facilities which will be kept as liquidity buffers. The bonds will be listed on the Luxembourg Stock Exchange. The bonds were placed by Danske Bank A/S, Nordea Bank Danmark A/S and Skandinaviska Enskilda Banken AB (Publ).

 

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