NOL borrows US$1.5 bln for corporate purposes

The shipping company aims to raise funds after posting a net loss of US$741 million in 2009.

Neptune Orient Lines Limited (NOL) has established a US$1,500,000,000 Euro Medium Term Note Programme under which the company may issue notes, a report from NOL said on Monday.

Three major banks: DBS Bank Ltd, The Hong Kong and Shanghai Banking Corporation Limited and Standard Chartered Bank have been appointed as the arrangers of the programme.

Application has been made to the Singapore Exchange Securities Trading Limited (SGX-ST) for permission. The permission will be granted when the notes have been admitted to the Official List of the SGX-ST.

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Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley