The unsecured debt matures in June 2019.

The ro-ro owner said the bond had been soldto a “wide range of primarily Danish institutional investors.”

CFO Torben Carlsen added: "We haveexperienced an increasing interest for a DKK-denominated bond issue and we aretherefore very pleased that our third corporate bond issue has allowed us toaccommodate this investor demand."

It said the move was part of an ongoingprocess to optimise its financial structure.

The