CMA-CGM closes bumper French lease

French shipping company CMA-CGM has completed the French lease financing of a fleet of eight container ships. The deal, valued at $676 million, is the first ever to include export credit debt in the form of a direct loan from the Export-Import Bank of Korea (Kexim). The Korean export credit agency i...

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Bibliographic Details
Published in:Asset Finance International 2005-02, p.1
Format: Article
Language:English
Subjects:
Banking
Corporate finance
Leasing
Shipbuilding
Shipping industry
Online Access:Get full text
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Summary:French shipping company CMA-CGM has completed the French lease financing of a fleet of eight container ships. The deal, valued at $676 million, is the first ever to include export credit debt in the form of a direct loan from the Export-Import Bank of Korea (Kexim). The Korean export credit agency is lending $380 million into the complex structure, expanding its participation in innovative financial products.
ISSN:1367-8086