Maersk considering new bond issue
SHIPPING: A.P. Moller-Maersk is considering a new offering of bonds and has engaged banks to advise it. Investorrelations chief Henrik Lund said on Friday the group had hired Barclays, BNP Paribas, Danske Bank, HSBC and Royal Bank of Scotland to advise it.
"We are having a series of meetings with investors to explore a possible bond issue, which is nothing extraordinary", Maersk spokesman Michael Storgaard says.
Maersk entered the corporate bond market for the first time last year with a 750 million euro issue followed by a 4 billion Norwegian crown issue.
It has repeatedly said it aimed to diversify its sources of funding and bonds would gradually play a larger role in its financing, replacing conventional bank debt.
Source: Hellenic Shipping News / maritimedanmark.dk