Spanish tax lease refinances oil tanker

Spanish shipping group Ibaizabal has completed the refinancing of an oil tanker using a Spanish tax lease. The deal concerns a 150,000 gross tonne, Suezmax tanker, delivered to Ibaizabal on May 6. Pre-delivery finance for the ship was arranged by Spanish bank BBVA, which syndicated a project finance...

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Bibliographic Details
Published in:Asset Finance International 2004-06, p.1
Format: Article
Language:English
Subjects:
Charters
Debt financing
Equipment financing
Leases
Purchase options
Refinancing
Shipping industry
Tankers
Online Access:Get full text
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Summary:Spanish shipping group Ibaizabal has completed the refinancing of an oil tanker using a Spanish tax lease. The deal concerns a 150,000 gross tonne, Suezmax tanker, delivered to Ibaizabal on May 6. Pre-delivery finance for the ship was arranged by Spanish bank BBVA, which syndicated a project finance loan for a Portuguese company in 2002.
ISSN:1367-8086