Singapore's Neptune Orient Lines puts off issuing perpetual securities

By Marisa Wong

Madison, Wis., March 30 - Neptune Orient Lines Ltd. said it has decided to postpone the proposed issue of Singapore dollar-denominated perpetual capital securities due to market conditions in Asia.

The company had announced on Tuesday that it would launch an offer for the perpetual capital securities following investor meetings in Singapore.

Neptune Orient Lines is a Singapore-based container shipping and logistics services company.

© 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.