Seaspan has filed to sell 450 million shekels ($122 million) of bonds on the Tel Aviv Stock Exchange. In a draft prospectus filed Sunday (Nov. 04), the company said it planned to issue bonds due in 2024 in shekels and would dual-list its New York Stock Exchange-traded shares on the TASE. The company, which designs and builds cargo ships tailored to customers’ requirements and provides maintenance, crew and management, boasts 112 vessels, making it one of the world’s largest container shipowners.
As of September 30, it had signed contracts that would generate $5.2 billion in revenue, and has 4,300 employees, of whom 4,100 are seamen. Last week it reported that in the first nine months it boosted revenue 30% from a year earlier to $801.4 million, while net profit rose 85% to $215.7 million. Seaspan is 34%-owned by the U.S.-based Washington family.
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