Containerships to redeem €50.5 million floating-rate notes on Dec. 15

By Sarah Lizee

Olympia, Wash., Nov. 14 – Containerships plc will redeem its €50.5 million senior secured callable floating-rate bonds due April 2, 2019, according to a notice.

The bonds will be redeemed at 103.09 plus accrued interest on Dec. 15.

On Friday, the company placed €60 million of senior secured bonds under a framework of up to €100 million. The proceeds from this issue will be applied toward the redemption.

The container shipping company is based in Helsinki, Finland.

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