Hapag-Lloyd selling 150 million euros of bonds

The German ocean carrier said the bonds are not for sale in the United States, and proceeds will be used for early redemption of notes due later this year and for general corporate purposes.    Hapag-Lloyd has launched a 150 million euro (U.S. $159 million) bond offering with a five-year maturity, the German ocean carrier said Monday.
   Part of the proceeds, initially amounting to about 47 million euros (U.S. $50 million), will be used for the early redemption of U.S. dollar notes due this fall. The U.S. dollar notes originally had a volume of $250 million, half of which was repaid in 2015. The remaining proceeds will go towards general corporate purposes (including further repayment of existing indebtedness).
   The new euro bond will be listed on the Luxembourg Stock Exchange and there will be no public offering of the bonds in the U.S.