It is reported that the shipping giant is selling the bonds maturing in 10 years. The offering may yield 1.9 percentage points above Treasuries.
All proceeds from the offering will help finance or refinance green assets, which may include fixed assets, capital and operating expenses, as well as acquisitions of firms that derive at least 90% of their revenue from activities such as clean transportation and green buildings.
The company issued its first green bond in November 2021, raising 500 million euros ($537 million) with a 10-year note. The company at the time said the proceeds will be used to finance the planned purchase of eight methanol-powered vessels.
Maersk’s debt deal will test investor demand in the US, where sales of sustainable bonds have plunged amid a political backlash against investments tied to environmental, social and governance goals. Money managers are scrutinizing ESG-related financing instruments more heavily due to concerns that companies might be overstating the benefits of the bonds.
