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.
The transport giant issued bonds for a total USD 280.3 million. The issuance consists of bonds for USD 140.1 million at a 3.5 percent interest rate, and USD 140.1 million at an interest rate of 3 months Cibor plus 185 basis points.