Shipping Giant Maersk Sells Its First-Ever Dollar Green Bond (2)

Shipping giant A.P. Moller-Maersk A/S borrowed $750 million in its first dollar-denominated green bond sale, the latest company to test investor appetite in a market challenged by political pressure.

The Copenhagen-based company sold bonds maturing in 10 years, according to a person with knowledge of the matter. The notes will yield 1.65 percentage points above Treasuries, after initial discussions of around 1.9 percentage points, said the person, who asked not to be identified as the details are private.

All proceeds from the offering will help finance or refinance green assets, which may include fixed assets, capital and operating expenses, as ...