Hapag-Lloyd is issuing fresh debt in order to repay an outstanding bond in US dollars.
The German boxship owner has launched an offering for senior notes worth EUR 150m ($158.9m) due in 2022.
Initially, $50m will be used to partially redeem its outstanding US dollar notes maturing in 2017.
Remaining proceeds will be used for general corporate purposes, including further repayment of existing debts, the company added.
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