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World’s Biggest Shipping Company Makes History With Green Bond

  • Deal is most-subscribed of the week in European bond market
  • Maersk CEO says he may accelerate CO2 net neutrality goal

A.P. Moller-Maersk A/S, the world’s biggest container-shipping company, has issued its first ever green bond in a sale that drew more interest than any other in Europe’s credit market this week. 

The deal represents a milestone for an industry that still relies heavily on fossil fuels for its business. Copenhagen-based Maersk raised 500 million euros ($566 million) at a record-low coupon of 0.75%, it said on Friday. It’s the first time since 2018 that the company has turned to the euro market for debt financing.