NOL may issue $1.5 billion in notes
Neptune Orient Lines said Monday it may issue up to $1.5 billion in medium term notes to investors outside of the United States.
A spokesman said the company has the option of choosing what denomination it will use for the notes, but it calling it a “Euro Medium Term Note” sale to indicate it will be sold to investors outside of the United States.
The company said proceeds would be used for general corporate purposes.
DBS Bank Ltd., The Hongkong and Shanghai Banking Corp. Ltd. and Standard Chartered Bank have been appointed as the arrangers of the sale, and NOL said it has applied have the notes listed on the Singapore Exchange.
NOL may issue $1.5 billion in notes
