Danish company sells U.S. dollar bonds for the first time.
A.P. Møller – Maersk said this week that it had successfully launched and priced its first U.S. dollar bond offering.
The transaction includes a $750 million bond due in September 2019 and a $500 million bond due in September 2024, with coupons of 2.55 percent and 3.75 percent, respectively.
“Both tranches are expected to be rated BBB+ by S&P and Baa1 by Moody’s. The net proceeds will be used for general corporate purposes,” the company said.
Maersk raises $1.25 bilion in bond sale
