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Maersk says raised 750 mln euros with 7-year bond
August 21, 2012 / 12:56 PM / 5 years ago

Maersk says raised 750 mln euros with 7-year bond

COPENHAGEN, Aug 21 (Reuters) - Danish shipping and oil group A.P. Moller-Maersk has raised 750 million euros ($925.57 million) from an oversubscribed offering of a new seven-year bond, its finance director said on Tuesday.

“This was a successful transaction with a lot of support,” Maersk group finance chief Jan Kjaervik told Reuters. “The book is oversubscribed, and we got a big amount (of money) and the price was at the low end of our expectations.”

“The banks are looking at the allocation right now,” he added.

According to IFR Markets, a Thomson Reuters news and market analysis service, the bond was priced at mid-swaps plus 200 basis points on the back of a 2.75 billion euros book.

The deal was run by Barclays, Danske Bank, ING, JP Morgan, Mitsubishi and Nordea. ($1 = 0.8103 euros) (Reporting by Ole Mikkelsen)

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