By Susanna Moon
Chicago, April 18 - Neptune Orient Lines Ltd. said it priced S$400 million principal amount of 4¼% senior notes due April 26, 2017.
The notes were issued under the company's $1.5 billion euro medium-term note program.
DBS Bank Ltd. is the global coordinator, and DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., Oversea-Chinese Banking Corp. Ltd. and Standard Chartered are the joint lead managers.
Settlement is expected to occur on April 26.
Proceeds will be used for general corporate funding purposes and investments, which may include investments in the company's logistics business.
The company has applied to list the notes on the Singapore Exchange Securities Trading Ltd.
Neptune Orient Lines is a Singapore investment holding company.
| Issuer: | Neptune Orient Lines Ltd.
|
| Issue: | Senior notes
|
| Amount: | S$400 million
|
| Maturity: | April 26, 2017
|
| Coupon: | 4¼%
|
| Managers: | DBS Bank Ltd. (global coordinator); DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., Oversea-Chinese Banking Corp. Ltd. and Standard Chartered (lead managers)
|
| Pricing date: | April 18
|
| Settlement date: | April 26
|
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