Neptune Orient Lines (NOL) is set to raise fresh funds from a Singapore dollar-denominated perpetual bond.

NOL is looking to issue a Singapore-dollar denominated perpetual bond
The largely state-owned shipowner gave very little away about the proposed fund raising effort in a statement released Tuesday.

“The proposed transaction is expected to be launched, subject to market conditions, following investor meetings in Singapore, starting on or about 27 March,” it said.

It