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DGAP-Information: Hapag-Lloyd AG / Key phrase(s): Bond/Concern of Debt
Hapag-Lloyd AG plans to problem a sustainability-linked senior observe
2021-03-23 / 08:16
The issuer is solely liable for the content material of this announcement.
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Hamburg, 23 March 2021
Hapag-Lloyd AG plans to problem a sustainability-linked senior observe
- Bond quantity of EUR 300 million envisaged
- Proceeds for use for early redemption of current EUR bond
- CO2 emissions of personal fleet to be considerably lowered
Topic to engaging market situations, Hapag-Lloyd AG plans to problem a sustainability-linked company senior observe in
the quantity of EUR 300 million, which can adjust to the rules of the Worldwide Capital Market Affiliation
(ICMA). To this finish, a consortium of banks was engaged at present to carry conferences with potential buyers within the close to
future. On the identical time, the deliberate transaction is to be verified by an impartial professional within the type of a secondary
social gathering opinion of the DNV. The proceeds of this potential observe issuance will probably be used to redeem early and in full the
current EUR bond (ISIN XS1645113322 and ISIN XS1645114056) within the quantity of EUR 300 million and maturing in 2024. If
the brand new sustainability-linked company senior observe is efficiently positioned, the present observe is predicted to be
redeemed on 7 April 2021 on the fastened value of 102.563%.
The sustainability-linked senior observe is related to a clearly outlined sustainability goal: By 2030, the CO2
depth of Hapag-Lloyd's personal fleet is to be diminished by 60% in contrast with 2008, the reference 12 months of the
Worldwide Maritime Group (IMO). Hapag-Lloyd goals to realize this bold purpose by buying new and
environment friendly ships, phasing out previous ships, utilizing various fuels and introducing extra measures to cut back
emissions. The decrease CO2 emissions of its personal fleet are to be measured and yearly disclosed in keeping with the
so-called Common Effectivity Ratio (AER) indicator: For Hapag-Lloyd's personal fleet, this was 11.68 in 2008 and is now
anticipated to fall to 4.67 by 2030. The AER offers info on CO2 depth measured in grams of CO2 per tonne-mile
(gCO2/dwt*nm).
"We'll proceed to decrease our carbon footprint and we will probably be transparently measured towards it - 12 months after 12 months.
With our new sustainability goal, we're setting a transparent purpose for our degree of CO2 depth by 2030. This can
likewise be an integral a part of our expanded sustainability technique, which we will probably be publishing later this 12 months. At
the identical time, with the deliberate sustainability-linked senior observe, we wish to achieve extra momentum in our
inexperienced financing actions," mentioned Mark Frese, CFO of Hapag-Lloyd AG.
About Hapag-Lloyd
With a fleet of 237 fashionable container ships and a complete transport capability of 1.7 million TEU, Hapag-Lloyd is without doubt one of the
world's main liner delivery firms. The Firm has round 13,100 workers and 395 workplaces in 129 international locations.
Hapag-Lloyd has a container capability of roughly 2.7 million TEU - together with one of many largest and most fashionable
fleets of reefer containers. A complete of 122 liner companies worldwide guarantee quick and dependable connections between extra
than 600 ports on all of the continents. Hapag-Lloyd is without doubt one of the main operators within the Transatlantic, Center East,
Latin America and Intra-America trades.
Disclaimer
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.
This announcement doesn't comprise or represent a proposal of, or the solicitation of a proposal to purchase or subscribe for,
securities to any individual in the US of America (the "United States"), Canada, Japan, Australia or in any
jurisdiction to whom or through which such supply or solicitation is illegal. The securities referred to herein haven't
been and won't be registered below U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and should not
be supplied or offered in the US or to, or for the account or advantage of, U.S. individuals, absent such
registration, besides pursuant to an exemption from, or in a transaction not topic to, the registration necessities
of the U.S. Securities Act.
This announcement is directed at and/or for distribution in the UK solely to (i) individuals who've
skilled expertise in issues regarding investments falling inside article 19(5) of the Monetary Providers and
Markets Act 2000 (Monetary Promotion) Order 2005 (the "Order") or (ii) excessive internet value entities falling inside article
49(2)(a) to (d) of the Order (all such individuals are referred to herein as "related individuals). This announcement is
directed solely at related individuals. Any one who shouldn't be a related individual mustn't act or depend on this announcement
or any of its contents. Any funding or funding exercise to which this announcement relates is out there solely to
related individuals and will probably be engaged in solely with related individuals.
The securities should not meant to be supplied, offered or in any other case made obtainable to and shouldn't be supplied, offered or
in any other case made obtainable to any retail investor within the European Financial Space ("EEA") and the UK. For these
functions, a "Retail Investor" means an individual who's one (or extra) of: (i) a retail consumer as outlined in level (11) of
Article 4(1) of MiFID II; (ii) a buyer inside the that means of Directive (EU) 2016/97, the place that buyer wouldn't
qualify as an expert consumer as outlined in level (10) of article 4(1) of MiFID II; or (iii) not a Certified
Investor as outlined in Regulation (EU) 2017/1129 (the "Prospectus Regulation"). Consequently, no key info
doc required by Regulation (EU) 1286/2014 (the "PRIIPs Regulation") for providing or promoting the securities or
in any other case making them obtainable to retail buyers within the EEA has been ready and subsequently providing or promoting the
bonds or in any other case making them obtainable to any retail investor within the EEA and the UK could also be illegal below
the PRIIPs Regulation. In the UK, MiFID II, the Prospectus Regulation and PRIIPs Regulation kind a part of
home legislation by advantage of the European Union (Withdrawal) Act 2018 ("EUWA").
This announcement incorporates forward-looking statements, which don't characterize details and are characterised by the phrases
"anticipate", "consider", "estimate", "intend", "intention", "assume" or related expressions. Such statements specific the
intentions, opinions or present expectations and assumptions of the Hapag-Lloyd group and are based mostly on present plans,
estimates and forecasts which the Hapag-Lloyd group has made to the most effective of its data, however which don't declare to be
right sooner or later. Ahead-looking statements are topic to dangers and uncertainties which can be tough to foretell
and often can't be influenced by the Hapag-Lloyd group. Precise occasions or developments might differ materially from
these contained in or expressed by such forward-looking statements.
Contact:
Heiko Hoffmann
Senior Director Investor Relations
Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Cellphone +49 40 3001-2896
Fax +49 40 3001-72896
Cellular +49 172 875-2126
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2021-03-23 Dissemination of a Company Information, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely liable for the content material of this announcement.
The DGAP Distribution Providers embrace Regulatory Bulletins, Monetary/Company Information and Press Releases.
Archive at www.dgap.de
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Language: English
Firm: Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Germany
Cellphone: +49 (0) 40 3001 - 2896
Fax: +49 (0) 40 3001 - 72896
E-mail: ir@hlag.com
Web: www.hapag-lloyd.com
ISIN: DE000HLAG475
WKN: HLAG47
Listed: Regulated Market in Frankfurt (Prime Commonplace), Hamburg; Regulated Unofficial Market in Berlin,
Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Alternate
EQS Information ID: 1177421
Finish of Information DGAP Information Service
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1177421 2021-03-23
(END) Dow Jones Newswires
March 23, 2021 03:18 ET (07:18 GMT)
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