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Raising EUR 5.5 million

On October 21th, Containerships Ltd Oy (the “Group” or “Containerships”) successfully placed an EUR 5.5 million subsequent issue of bonds under the terms and conditions of its outstanding EUR 45 million 3m EURIBOR + 7.50% bonds 2015/2019. The net proceeds from the subsequent issue will be used for the purpose of financing growth measures or repaying senior debt.

The transaction was well received by the market, as evidenced by strong demand and a heavily oversubscribed book. Altogether, more than 17 institutional investors participated in the issue and due to the strong demand, the book closed within two and a half hours after launching the transaction in the market.

“We are pleased to secure additional debt capital markets financing and this clearly shows that investors are satisfied with the progress of the investment plan and believe in the growth potential of the Group going forward” says Kari-Pekka Laaksonen, CEO of Containerships.

Pareto Securities Oy acted as Sole Bookrunner in connection with the bond issue.

 

 

 

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