Danaos Corporation, founded in 1972 and headquartered in Athens, Greece, is a prominent independent owner and operator of container ships. The company focuses on providing high-quality maritime transportation services, specializing in the leasing of container vessels to some of the largest shipping companies globally.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DAC 6.88% 2032-10-15 USDDanaos Corporation | Marshall Islands | 2032-10-15 | 6.875 | 6.22 |
| DAC 6.88% 2032-10-15 USDDanaos Corporation | Marshall Islands | 2032-10-15 | 6.875 | 6.25 |
| DAC 8.50% 2028-03-01 USDDanaos Corporation | Marshall Islands | 2028-03-01 | 8.500 | 8.38 |
| DAC 8.50% 2028-03-01 USDDanaos Corporation | Marshall Islands | 2028-03-01 | 8.500 | 8.20 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Danaos has a notable history of bond issuances dating back to its initial public offering in 2006, which marked its entrance into the capital markets. Noteworthy is their 2020 $450 million bond offering, aimed at refinancing existing debt and enhancing liquidity amidst market challenges. As of October 2023, Danaos' bond yields are competitive within the shipping industry, reflecting its robust operational performance and credit profile, highlighted by a strategic focus on modernizing its fleet to meet evolving market demands.