Maersk in Billion-Dollar Corporate Plan


AP Moller-Maersk has announced the launch and price of its second bond offering. The transaction includes a US$500 million bond due in September, 2020 and a $500 million bond due in September, 2025, with coupons of 2.875% and 3.875%, respectively.

This news follows Maersk’s announcement that its terminal operating arm, APMT, will acquire Spanish terminal operator Grup TCB and its 11 container terminals.

In the release of its financial results for Q2, Nils Anderson, CEO of the company, said that the profit figure achieved for this quarter was satisfactory while reiterating on the company’s intention to focus on profitable growth in the remaining quarters of 2015.

The bond transaction is Maersk’s second bond offering and both tranches are expected to be rated BBB+ by S&P, and Baa1 by Moody’s.

Maersk has announced that the net proceeds will be used for general corporate purposes.

Underwriters involved in the bond offering were BNP PARIBAS, BofA Merrill Lynch, Credit Agricole CIB, Deutsche Bank Securities, and J.P. Morgan.

This project also follows the global leader’s announcement to spend around $15 billion on new containerships and equipment in an effort to optimise its service offerings.

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