AP Moller-Maersk Prices EUR750 Million 3.375% Bond Maturing 2019
August 21 2012 - 12:41PM
Dow Jones News
By Ben Edwards
Danish shipping company AP Moller-Maersk A/S (MAERSK-A.KO)
priced a 750 million euro ($925.1 million), seven-year bond, one of
the banks running the deal said Tuesday.
Barclays PLC, Danske Bank, ING, JPMorgan Chase & Co.,
Mitsubishi, and Nordea were the lead managers of the sale, which
has the following terms:
Amount: EUR750 million
Maturity: Aug. 28, 2019
Coupon: 3.375%
Reoffer Price: 99.425
Payment Date: Aug. 28, 2012
Spread: 200 basis points over midswaps
Debt Ratings: Unrated
Write to Ben Edwards at ben.edwards@dowjones.com