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The Shaft Straightening Company
Hapag-Lloyd is planning to raise $500m through bond issues to refinance its debts following improvement in its shipping volumes. Last October the German Government funded a €1.2bn loan guarantee to the container shipping line to protect it against the effects of losses in container s
Hapag-Lloyd is planning to raise $500m through bond issues to refinance its debts following improvement in its shipping volumes.
Last October the German Government funded a €1.2bn loan guarantee to the container shipping line to protect it against the effects of losses in container shipping volume.
Hapag-Lloyd plans to use the proceeds to make redemption and interest payments on existing loans.
The bond sale will be split into two parts: a five-year non-callable bond for three years, and a seven-year non-callable bond for four years, according to financialtimes.com.
The Shaft Straightening Company
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