Containerships Oy has placed a 45mill. € senior secured bond issue for its[ds_preview] newbuilding programme. The bonds, maturing on 2 April 2019, will bear a floating coupon of 3 months Euribor + 7.50% (paid quarterly), including no maintenance covenants or amortizations, the company states. The money will partially finance the acquisition of two new vessels enabling Containerships to extend its investment program up to six LNG-fuelled vessels and to become the first shortsea container operator in Europe to run ships on LNG. Listing of the bonds on NASDAQ OMX Helsinki will take place within one year after settlement. Approximately 50 investors, primarily institutional, participated in the issue.
