Bloomberg News

Neptune Orient to Sell S$300 Million of Notes to Finance Ships

June 08, 2011

June 9 (Bloomberg) -- Neptune Orient Lines Ltd., Southeast Asia’s biggest container-shipping line, hired DBS Group Holdings Ltd., HSBC Holdings Plc and Standard Chartered Plc to sell as much as S$300 million of 4.4 percent notes due in 2021.

The funds will be used to finance the purchase of new container ships.

To contact the editor responsible for this story: Lars Klemming at

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