The proceeds from the bond issue will partially finance the acquisition of two new container vessels enabling Containerships to extend its investment programme up to six identical LNG-fuelled vessels.

The new vessels will be constructed in China and the purchase is well in line with Containerships' previously announced strategy to adapt its fleet and operations to new legislation on sulphur emissions and to become the first shortsea container operator in Europe to run ships on LNG.

Listing of the bonds on NASDAQ OMX Helsinki will take place within 1 year after settlement.

The transaction was well received by the market, as evidenced by strong demand for bonds with significant participation from non-Nordic investors. Altogether, approximately 50 investors, primarily institutional, participated in the issue.