Independent journal on economy and transport policy
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Group NOL announces a second emission of obligations
The president of APL, Aik Meng, has announced own resignation. He will be replaced by Kenneth Glenn
June 9, 2011
The shipowning group and logistic Neptune Orient Lines (NOL) has announced today the emission of obligations with expiration 2021 for a value of 300 million dollars of Singapore (USA 244 million dollars), operation that has the objective to partially finance the acquisition of new container vessels. This emission of obligations falls back in the Euro Termin Medium total Programme Notes for 1,5 billion euros and is the second one within such program defined from the group in the 2010 (first, of the value of 280 million dollars of Singapore, is carried out last September).
While Aik Meng, president of the company of navigation APL that constitutes the division of containerized marine transport of group NOL, has announced own resignation. Meng will be replaced the next 1° september by Kenneth Glenn, current president of APL for the region of northern Asia.
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The shipowning group and logistic Neptune Orient Lines (NOL) has announced today the emission of obligations with expiration 2021 for a value of 300 million dollars of Singapore (USA 244 million dollars), operation that has the objective to partially finance the acquisition of new container vessels. This emission of obligations falls back in the Euro Termin Medium total Programme Notes for 1,5 billion euros and is the second one within such program defined from the group in the 2010 (first, of the value of 280 million dollars of Singapore, is carried out last September).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
