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Investors lap up Maersk’s green pitch on methanol newbuilds

A.P. Moller – Maersk has launched what it describes as its Green Finance Framework designed to allow the company to issue a variety of sustainable financing instruments which may include bonds, loans, project finance and other instruments.

“Issuing green financing instruments is a further step to integrating sustainability into our financing operations,” said Patrick Jany, CFO at A.P. Moller – Maersk. “With this green bond, we aim at diversifying our investor base by reaching out to new investors and increasing the transparency of our ESG ambitions and performance even further towards our stakeholders.”

Maersk said it intends to align its funding strategy with its goal to become carbon neutral by 2050.

The transaction priced at a coupon of 0.75%, the lowest annual interest ever for Maersk

To start with, the company has today successfully placed its inaugural 10-year, €500m ($567m) green bond to fund the build of its first feeder vessel and the ground-breaking series of eight large ocean-going container vessels all of which will be capable of operating on carbon neutral methanol by 2023 and 2024, respectively. The transaction was met with strong demand with a final order book at €3.7bn. The transaction priced at a coupon of 0.75%, the lowest annual interest ever for the 93-year-old company.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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