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Maersk to issue Eurobonds

Maersk to issue Eurobonds
In the Q2 2009 interim report, A.P. Møller - Mærsk A/S announced that it would evaluate opportunities in the corporate bond market in order to diversify funding sources.

In the Q2 2009 interim report, A.P. Møller - Mærsk A/S announced that it would evaluate opportunities in the corporate bond market in order to diversify funding sources.

In the Q2 2009 interim report, A.P. Møller - Mærsk A/S announced that it would evaluate opportunities in the corporate bond market in order to diversify funding sources. Following soundings among potential investors, it has today been decided to issue bonds denominated in Euro. The issuance of bonds will be A.P. Møller - Mærsk A/S' first in the international capital markets.

"Corporate bonds are increasingly being used as an additional funding source for large European corporates, and in the light of that development it is only natural that we look at the funding opportunities in the European capital markets" says Jan Kjærvik, Senior Vice President and Head of Group Finance and Risk Management.

Danske Bank A/S, HSBC Bank plc., ING Bank N.V., J.P. Morgan Securities Ltd. and Nordea Bank Danmark A/S will place the bonds. The issuance is expected to be a benchmark transaction in terms of volume.

The final size of the issue, maturity and the coupon will be decided, when the book building process closes, assumed to be on 23 October.

Proceeds from the bond issuance will be used for general corporate purposes and for repayment of drawings under longer term bank revolving facilities which will be kept as liquidity buffers.

www.TurkishMaritime.com.tr

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