Home > > Genting Hong Kong secures €2.6 billion financing

Genting Hong Kong secures €2.6 billion financing

08/20/2019| 3:32:58 PM|

The Global Class ships have been designed for the fast-growing Asian cruise market, which will see the largest increase in the number of middle-income households in the world over the next decade.

Genting Hong Kong (GHK) announced that it has signed loan agreements of EUR 2.6 billion with a consortium led by KfW IPEX-Bank for construction and post-delivery financing for Dream Cruises’ two new Global Class ships. 

The financing package will be backed by export credit guarantees of the Federal Republic of Germany and the Finnish export credit agency Finnvera, as well as by a guarantee from the state of Mecklenburg-Western Pomerania. At an overall cost of EUR 3.1 billion, the two new vessels are currently being built at GHK owned MV Werften in Germany.

The Global Class ships have been designed for the fast-growing Asian cruise market, which will see the largest increase in the number of middle-income households in the world over the next decade.

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TAGS: Genting Hong Kong | Cruise | funding
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