KfW IPEX touts its critical role in Norwegian newbuilds at Meyer

As earlier reported here, that 12-year financing on 80% of the contract price of the two newbuilds is at a fixed rate of 3.92%.

KfW IPEX-Bank took on the structuring for the overall financing and its commitment of the overall loan amount ensured the order for Meyer Werft. The loan is to be syndicated to an international consortium of banks.

'As one of the leading ship financiers worldwide, this large-volume financing underscores our structuring expertise in the area of cruise ships,' said Christian K. Murach, responsible member of the management board of KfW IPEX-Bank, at the signing.

'In continuing our long-standing, successful cooperation with our business partners Norwegian Cruise Line and Meyer Werft, we are also contributing to supporting both the German export industry and northern Germany as a shipbuilding location,' he added.