Zim sells bonds in wake of new ship order
Zim Integrated Shipping has completed a $113.7 million (NIS 490 million) private bond placement, according to reports in the Israeli newspaper Globes.
The interest rate on the bonds is linked to the CPI and bear annual interest of 5.45 percent. They are redeemable in three equal payments in 2013-2015.
In June Zim ordered eight container ships from the Hyundai Shipyards in Korea, four of 8,200 TEUs and four of 10,000 TEUs in a deal worth $1 billion.