Carnival unveiled a bond-selling drive that will see the cruise giant raise an estimated EUR 495m ($551m) in net proceeds.

The New York-listed and London-listed company is selling EUR 499m worth of notes in a euro-denominated public offering, according to a filing with the US Securities & Exchange Commission.

Carnival said it will use the cash for “general corporate purposes”.

The senior notes carry a coupon rate of nearly 1.63%