DSV: Bond sale does not go to war chest
"We're not building a bigger war chest," says DSV CFO Jens Lund about the company's USD 280.3 million bond sale aimed at replacing bank debt.
BY RITZAU FINANS
On Tuesday, DSV sold bonds for USD 280.3 million. Investors hoping that this move means the company is looking at further asset boosting acquisitions should turn their optimism down a notch. The funds will be used to replace bank debt and to ensure that DSV's funding has a broad base, CFO Jens H. Lund tells Ritzau Finans.
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