Textainer announces $829m bond programme
Container group takes advantage of low interest rates by using bonds to pay down debt
22 September 2020 - 08:32
Textainer Group, which leases shipping containers, has $829m (R13.9bn) in asset-backed bonds and says it has used the proceeds to pay off other debts and take advantage of low interest rates.
The group’s wholly-owned subsidiary, Textainer Marine Containers VII, issued the notes, which are secured by its assets, and have a weighted average life of about five years...
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