Hapag-Lloyd said it had raised 250 million euros (about $337 million) through the sale of bonds to institutional investors.
The bond, which has a maturity of five years, has a coupon of 7.75 percent and was several times oversubscribed.
The German shipping company said proceeds will be used for general corporate purposes including about 200 million euros for refinancing of outstanding indebtedness and 50 million euros for early redemption of parts of existing senior notes due 2015.
The bond will be listed on the Luxembourg Stock Exchange.
Hapag-Lloyd sells bonds
