An hourglass and businessman holds his hands in the lock. Job interview concept. Business planning. Management and distribution of time. Making a business deal. Debt restructuring.

DSV Panalpina announced yesterday to have secured a €500m bond issuance through its DSV Panalpina Finance B.V. arm.

It “successfully placed an aggregate principal amount of €500 million senior unsecured notes due 2031 under its updated EMTN -programme.

“The notes will be issued 3 March, 2021, at a price of 99.815% and with a fixed coupon of 0.500% per annum and will be listed on Euronext Dublin. Standard & Poor’s rated the bonds at A- and Moody’s rated the bonds A3, both in line with their rating of DSV Panalpina A/S.”

Proceeds will be used for general corporate purposes, including refinancing of other indebtedness, while “respecting the group’s unchanged long-term capital structure policy”.

The usual suspects – HSBC, Danske Bank, ING, Nordea and Nykredit – acted as joint bookrunners.

Comment on this article

You must be logged in to post a comment.