NEPTUNE Orient Lines (NOL) has set up a US$1.5 billion (S$2 billion) debt issuance programme, it announced yesterday.
'We want to provide ourselves with an additional source of funding for corporate purposes should we need it,' said an NOL spokesman.
'It's our approach to diversify our funding sources, and we have done that through other lending facilities. This is just an alternative. But there are no plans to issue debt under the programme yet,' he added.
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