Contships Logistics Corp. has successfully completed a USD 25 million tap issue of its outstanding senior unsecured sustainability-linked bond due 11 February 2030. The tap issue was priced at 102.75% of par and was initiated by a reverse inquiry.
The net proceeds from the tap issue shall be applied towards general corporate purposes of the Group.
Following the tap issue, the senior unsecured sustainability-linked bond will have USD 200 million outstanding.
Arctic Securities acted as bookrunner in connection with the placement of the tap issue.