Mitsui O.S.K. Lines, Ltd. has issued the $300,000,000 Zero Coupon Convertible Bonds due in 2018 (the 2018 Bonds) and the $200,000,000 Zero Coupon Convertible Bonds due in 2020 (the 2020 Bonds).
In March 2014, the company announced the “STEER FOR 2020”, the three year mid-term management plan. In the plan, the company announced decision to transform its management policy into solid and quality growth.
The proceeds of the Bonds will be used for the group’s investments in vessels, including LNG carriers, to be built or delivered, and investments in the group’s offshore business.
The Bonds have the characteristics as follows:
[mappress] mol, April 25, 2014