Bonds and financing
Bonds
SENIOR UNSECURED SUSTAINABILITY-LINKED BOND ISSUE 2024/2029
Ticker: MPCC01 ESG
ISIN: NO0013355248
Face value: USD 200 million
Coupon: 7.375% p.a.
Issued: 9 October 2024
Final maturity: 9 October 2029
Prospectus and bond terms can be found here.
SUSTAINABILITY-LINKED FINANCING FRAMEWORK
Other financing facilities
| Facility | Type | Pre-delivery | Outstanding 31/12/25 | Total capacity | Interest rate | # | Repayment profile | Maturity |
|---|---|---|---|---|---|---|---|---|
| Deutsche Bank | Green Term Loan | Yes | USD 52.6m | USD ~54.5m | 230bps + SOFR | 2 |
semi-annual 22x 3.33% + 23.34% balloon |
Dec. 2037 |
| Société Generale | Green Term Loan | Yes | USD 2.0m | USD 29.3m | 210bps + SOFR | 1 |
quarterly 28x USD 0.5m + USD 15.6m balloon |
Aug. 2033 |
| KfW-IPEX | Term Loan | USD 46.6m | USD 52.0m | 190bps + SOFR | 2 |
semi-annual 6 x 5.4m, 7x 1.8m + 7.1m balloon |
Mar. 2032 | |
|
Development Bank of Japan / Shinsei |
Term Loan | USD 13.8m | USD 16.0m | 175bps + SOFR | 1 |
quarterly 5x 0.75m, 15x 0.28m + 5.9m balloon |
Mar. 2031 | |
| CA-CIB | Term Loan | Yes | USD 70.2m | USD ~101.0m |
175 – 275bps + SOFR |
2 |
quarterly 3x 5.7m + 4x 3.7m + 4x 1.4m1 |
Jun. 2031 |
| HCOB | RCF | USD 0.0m | USD 130.0m | 250bps + SOFR | 16 |
commitment will be reduced starting in Mar 2026 |
Dec. 2030 | |
| Deutsche Bank | TermLoan + accordion | USD 42.5m | USD 47.5m + USD 250.0m | 200bps + SOFR | 2 |
quarterly 9x 2.4m, 8x 1.7m + 14.5m balloon |
Jun. 2030 | |
| Nordic HY Bond | Senior unsecured sustainability-linked | USD 200.0m | USD 200.0m | 737.5bps | n/a | n/a | Oct. 2029 | |
| First Citizen Bank | Term Loan | USD 24.0m | USD 30.0m | 195bps + SOFR | 2 |
quarterly 10 x 1.5m + 7.5m balloon |
Oct. 2028 | |
| BoComm | Sale & Lease back | USD 26.2m | USD 75.0 | 260bps + SOFR | 8 |
monthly 19x 0.25m + 21.0m balloon2 |
Sept./Oct. 2027 |
Data as of Q4 2025
1) Subsequent instalments to be agreed by borrower and lender 2) after anticipated adjustment for Purchase Option for one vessel being declared in Q1 2026