Maersk issues bonds for 600 million euros

The Maersk Group has issued new bonds for a principal amount of approximately EUR 600 million.

Photo: Maersk Line

The Maersk Group has issued new bonds for a principal amount of EUR 600 million, corresponding to approximately USD 640 million. The conglomerate announced the offering in a press release to the stock exchange.

The bonds will mature in November 2022 with a coupon interest of 1.5 percent. This represents the conglomerate's first offering of bonds in euros since 2012, and it appears that the proceeds will be used for general operational costs. The transaction is expected to be rated BBB+ from credit rating agency Standard & Poor's and Baa1 by Moody's.

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