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Tallink secures loan for LNG powered ferry

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LNG Industry,

AS Tallink Grupp’s subsidiary, Tallink Superfast Ltd., and KfW IPEX-Bank GmbH have signed a €197.6 million loan agreement to finance its new €247 million LNG powered fast ferry, currently under construction in Rauma Marine Constructions Oy.

The loan is arranged and long term financing is provided by KfW IPEX-Bank GmbH. Finnish Export Credit Agency Finnvera has guaranteed 95% of this post-delivery buyer credit.

The loan is secured by the mortgage on the new vessel and the corporate guarantee of AS Tallink Grupp. This OECD-term export credit loan will be drawn on the delivery of the vessel, presumably in the beginning of 2022 and has the final maturity of 12 from the drawdown.

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