Carnival Sells Off $400 Million of 20-Year Bonds

Friday, April 20, 2001
Carnival Corp., the world's largest cruise group, said on Friday it sold $400 million of 20-year convertible bonds.

The Miami-based company's bonds, which include a $100 million overallotment option, carry a coupon of two percent. They are convertible into Carnival common shares at $39.14, a 40 percent premium over the shares' Thursday closing price on the New York Stock Exchange of $27.96.

Carnival said it will use sale proceeds for general corporate purposes.

A convertible bond is a hybrid security that usually offers current income, can be converted into company stock, and whose fortune is closely tied to the underlying stock price.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Venezuela Probes ex-minister accused of corruption in Ferry Deals

A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during the purchase of three

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1215 sec (8 req/sec)