Hapag-Lloyd has raised the notes offering it announced earlier today by EUR 50m ($53.4m).
The German company has successfully completed the offering of notes valued at EUR 200m.
Due to high demand, the total amount was increased from the initial EUR 150m offering announced this morning.
Nicolas Burr, chief financial officer at Hapag-Lloyd, said: “After successfully refinancing our US dollar bond due in autumn to a significantly lower coupon, with the completion of a bond tap offering, we have now taken advantage of the favourable market environment to also optimise the maturity profile of our other existing bonds.”
Hapag-Lloyd has offered notes worth EUR 450m in total since January.
Proceeds from its latest sale will be used to redeem part of its existing 7.75% senior Euro notes due in 2018.
