Japanese shipping giant MOL has registered to sell up to JPY 100bn ($898m) of bonds.

It has a two-year window to issue the debt, it said.

Any proceeds will go towards working capital, debt repayment and capital expenditure.

The company logged a 43% increase in net profit for the first nine months of the 2016 financial year.

It posted profit of JPY 19bn versus the JPY 13.3bn