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22 September 2021 The on-line newspaper devoted to the world of transports 13:45 GMT+2

June 19, 2001

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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