The debt, carrying interest at Euribor plus 7.5% and maturing in April 2019, will partly fund newly declared options for the fifth and sixth vessels in a series ordered at Yangzhou Guoyu Shipyard in China.

Chinese-German partnership Guoyu Nordic Shipping (GNS Shipping) and Nordic Hamburg have ordered the first four 1,400-teu ships for charter to Containerships.

The bond sale was “well received by the market”, with significant participation from non-Nordic investors, Containerships said.

Pareto