The twelve year term loans have been arranged by the Japan Bank for International Cooperation (JBIC) and will be co-financed with Deutsche Bank.
Tokyo-based JBIC said the overall co-financing amount of each loan adds up to $43m for the two bulkers. The JBIC portion of the financing is $21.5m.
Each co-financed portion will be covered by buyer’s credit insurance from Nippon Export and Investment Insurance (NEXI).
Last
