Hapag-Lloyd raises 250 million euros

German shipping company Hapag-Lloyd has successfully issued shares to investors, thus securing the carrier 250 million euros earmarked for paying financial commitments.

BY JØRGEN RUDBECK

Hapag-Lloyd has successfully tapped institutional investors to raise 250 million euros from a bond issuance. The bonds have a maturity of five years at an interest rate of 7.5 percent, and according to Tradewinds, the bond issuance raised 50 million euros more than the 200 million euros Hapag-Lloyd expected.

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