By Lisa Kerner
Charlotte, N.C., Oct. 1 - Cronos Holding Co. Ltd. announced that its subsidiary Cronos Containers Program I Ltd. placed $300 million of series 2012-2, 3.81% asset-backed notes in a three times oversubscribed offer to qualified institutional investors, including 20 new investors, within the United States.
The notes were rated A by Standard & Poor's and have an effective yield of 3.85%, a company news release said.
Proceeds will be used for container purchases and related business purposes.
Cronos is a Hamilton, Bermuda-based container leasing company.
| Issuer: | Cronos Containers Program I Ltd.
|
| Issue: | Series 2012-2 asset-backed notes
|
| Amount: | $300 million
|
| Coupon: | 3.81%
|
| Yield: | 3.85%
|
| Rating: | Standard & Poor's: A
|
| Distribution: | Private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
