Hapag LLoyd Aktiengesellschaft

Hapag LLoyd Aktiengesellschaft - K-Sure Covered Loan

Industry
Transport/Ships
Area of finance
Shipping Finance
Country
Germany

Deal Overview

Hapag-Lloyd AG and eleven of its core relationship banks with KfW-IPEX Bank and BNP Paribas in the lead, signed a syndicated K-sure covered 12 year post-delivery Green Loan, for the purpose of financing three ultra-large container vessels to be built in South Korea and delivered in 2023. These...

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Hapag-Lloyd AG and eleven of its core relationship banks with KfW-IPEX Bank and BNP Paribas in the lead, signed a syndicated K-sure covered 12 year post-delivery Green Loan, for the purpose of financing three ultra-large container vessels to be built in South Korea and delivered in 2023. 

These 23,500 TEU state-of-the-art High Pressure dual fuel engine propelled vessels are deemed eligible assets within a Green Loan Framework as evidenced in a Second Party Opinion provided by a renowned third party issuer appointed by Hapag-Lloyd with active support from KfW-IPEX Bank and BNP Paribas. We strongly believe that this transaction demonstrates a significant step forward in modernizing Hapag-Lloyds fleet whilst further reducing its environmental footprint. 

 

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Deal Volume
$ 417m
Financial Close
22 December 2020
Sources
Submitted by participant(s), TXF article, TXF article

All Dealmakers

Veronique DE BLIC

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Agnieszka BIALECKA

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Nicolas Pfuhl

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Tae Gyun Kim

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Yoo Bin Shin

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Sebastian Blum

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Jesse Kim

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Camilla Kuhnle-Nesset

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Tanja Georg

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Matthew  Havens

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Michael Kastl

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Stephan Vetter

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Dokyun Kim

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Charles Faivre d'Arcier

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Tranches


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Assets

Asset Type: Manufacturer:
Shipping Daewoo Shipbuilding & Marine Services (DSME)