AS Tallink Grupp’s subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed a loan agreement in the amount of EUR 197.6 million to finance the new EUR 247-million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy, Tallink Grupp says in a press release.
The loan is arranged and long term financing is provided by KfW IPEX-Bank GmbH. Finnish Export Credit Agency “Finnvera” guarantees 95% of this post-delivery buyer credit.
The loan is secured by the mortgage on the new vessel and the corporate guarantee of AS Tallink Grupp. This OECD-term export credit loan will be drawn on the delivery of the vessel, presumably in the beginning of 2022 and has the final maturity of twelve years from the drawdown. (PortNews/Business World Magazine)