Hapag-Lloyd and CMA CGM have revealed plans to tap the bond market with offerings worth EUR 800m ($910.5m) in total.
The German boxship owner is issuing a new bond worth EUR 300m and intends to use the proceeds for the early redemption of its euro bonds due in 2018 and 2019.
Hapag-Lloyd’s notes will mature in seven years, while the company expects to begin the bond redemption in October.
