Carnival Corp should be able to steer clear of a self-imposed caveat on issuing secured debt thanks to future newbuilding deliveries, according to a source close to the matter.

The Arnold Donald-led company included a provision in its bond documents that prohibits it from offering such financing if the debt exceeds 25% of its tangible-asset value.

Carnival's secured debt, backed by 86 ships, stands at $10.6bn,