The Japanese shipowner raised $300m from issuing notes maturingin 2018 and $200m from notes due 2020.
Proceeds are earmarked to cover the cost of MOL’s “STEER”midterm business plan for 2020.
The Tokyo-listed company aims to expand its trading fleetfrom 900 vessels today to 930 vessels by 2019.
Investments in its offshore business as well as high valuevessels such as LNG carriers form the basis of the plan.
Announcement of the fundraiser hit MOL's share price last month due to fears that it would dilute shareholder value if all the notes were converted.
