The cruiseshipspecialist is aiming to raise between EUR 50m ($64m) and EUR 60m with a couponof 6-6.5%, the Handelsblatt daily said.

Most of the proceeds will be used to “optimise” its balancesheet, with some going on marketing.

The company wants to expand its charter activitiesand plans to return to the river cruise business, as well as reduce debts.

It opened a EUR 20m credit line in 2011.

Deilmann