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Hapag-Lloyd to redeem €150 million 5 1/8% notes due 2024 at 102.563
By Taylor Fox
New York, Nov. 17 – Hapag-Lloyd AG issued a redemption notice for its €150 million of outstanding 5 1/8% senior notes due 2024 (ISIN: X51645113322), according to a company announcement.
The notes will be redeemed on Nov. 30 at 102.563 plus accrued interest for a total price of €156,727,312.50.
The redemption is subject to a financing condition of a successful draw down under its asset backed securities program in a minimum amount of $100 million.
The record date will be the business day immediately before the redemption date.
Deutsche Trustee Co Ltd. is the trustee.
The paying agent is Deutsche Bank AG, London Branch.
The issuer is a Hamburg, Germany-based container ship company.
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