Hapag-Lloyd to redeem €300 million 5 1/8% notes due 2024 at 102.563

By Taylor Fox

New York, March 23 – Hapag-Lloyd AG issued a redemption notice for its €300 million of outstanding 5 1/8% senior notes due 2024 (ISIN: X51645113322), according to a company announcement.

The notes will be redeemed on April 7 at 102.563 plus interest for a total price of €311,191,083.34.

The redemption is subject to the settlement of new €300 million senior notes.

The paying agent is Deutsche Bank AG, London Branch.

The issuer is a Hamburg, Germany-based container ship company.

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