Maersk sells bonds in Norway
A.P. Moller – Maersk said Friday that it has raised about 4 billion Norwegian kroner ($710 million) in the Norway’s bond market.
The parent of Maersk Line said half the bonds are at a floating rate and half at fixed rate. 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 it will be kept as liquidity buffers.
The bonds will be listed on the Luxembourg Stock Exchange.