NOL issues 7-year notes worth S$540mil
NEPTUNE Orient Lines Ltd (NOL) has launched an issue of 7-year
notes totaling S$540mil (US$300mil) after setting up a US$1bil
medium-term note (MTN) programme for up to 10 years.
The Singapore flag carrier, which owns container group APL, said
that the funds raised would be used for expansion and to refinance
existing borrowings.
The issue, with a coupon
......
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