Mitsui Issues Bonds to Invest in LNG

Mitsui O.S.K. Lines said that it has issued the U.S.$300,000,000 Zero Coupon Convertible Bonds due 2018, and the U.S.$200,000,000 Zero Coupon Convertible Bonds due 2020.

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.

In March 2014, the company announced the “STEER FOR 2020“, the three year mid-term management plan, in which it said that it plans to focus on the LNG carriers and offshore business.