DUE to the high demand for the five-year bond with a coupon of 6.75 per cent offered to investors last week, German carrier Hapag-Lloyd has upsized the volume of the offering to EUR250 million (US$266 million) from EUR150 million.
After the upsizing of the bond, an increased part of the proceeds, amounting to $125 million (EUR117 million) will be used for the early full redemption of US dollar notes due this fall, according to American Shipper.
