ANNOUNCEMENT 06 Jul 2018

In July 2018, the KfW IPEX-Bank announced it would finance the construction of a German-built cruise ship. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

KfW IPEX-Bank, KfW IPEX-Bank finances cruise ship for Carnival Corporation & plc, press release of 6 July 2018: https://www.kfw-ipex-bank.de/Presse/News/Pressemitteilungsdetails_477952-2.html

Inception date: 06 Jul 2018 | Removal date: open ended
Still in force

Trade finance

On 6 July 2018, the KfW IPEX-Bank announced providing EUR 786 million (USD 922.76 million) for the construction of a cruise ship purchased by the American company Carnival Corporation from the German shipbuilder Meyer Werft. The financing has a 12-year term and is backed by an export credit insurance issued by the government of Germany.

AFFECTED SECTORS

 

AFFECTED PRODUCTS