Maersk issues 1st green bond to finance methanol-powered vessels
Danish container shipping giant A.P. Moller – Maersk successfully placed a EUR500m green bond to fund the construction of its first feeder vessel and the series of 8 large ocean-going containerships which will be capable of operating on carbon-neutral methanol. As informed, the 10-year green bond comes under the umbrella of Maersk’s newly launched Green Finance Framework and has met a final orderbook of €3.7 billion. The transaction priced at coupon of 0.75%, the lowest annual interest ever for Maersk. According to Maersk, the Green Finance Framework is designed to allow the company to issue a variety of sustainable financing instruments which may include bonds, loans, project finance, and other instruments. Read more here👇👇👇 |
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