Finland's Containerships is launching a bid to buy back its EUR 60m ($67m) bond issue due in 2021.

It is paying 106.5% of the outstanding nominal amount, plus accrued interest.

The redemption relates to the reorganisation of the CMA CGM Group, which bought Containerships last year.

Monday marked the first day of its combined operation with CMA CGM short sea line MacAndrews, which included a merger of Container Finance into Containerships.