Singapore's NOL sets up $1.5 bln notes programme
SINGAPORE, June 28 |
SINGAPORE, June 28 (Reuters) - Singapore's Neptune Orient Lines (NEPS.SI), the world's fifth largest container shipper, said on Monday it has set up a $1.5 billion medium term notes programme from which it will issue debt from time to time.
Proceeds from the notes will be used for general corporate purposes, NOL said in a filing to the Singapore Exchange.
DBS, HSBC and Standard Chartered are the arrangers for the notes programme.
(Reporting by Kevin Lim)
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