Wilh. Wilhelmsen ASA, the global car and roll-on, roll-off shipping and logistics group, said it has completed a 700 million kronor ($120.5 million) bond issue.
The Oslo-listed group said the net proceeds of the senior unsecured bond that matures in 2018, will be used for general corporate purposes.
“We have been active in the bond market for many years, and will continue to be so,” said WWASA Chief Financial Officer Bakke Agerup.” We are very happy with the reception of the bond issue in the market as well as the market pricing.”
The company recently placed an order for two post-Panamax ships, with an option for a further two, with Korea’s Hyundai Heavy Industries. The vessels, each with a capacity for 7,930 cars, will be delivered in 2014 and 2015 and will enter service with the group’s 50-percent-owned Wallenius Wilhelmsen Logistics.