Finnvera to guarantee a buyer credit for AS Tallink Grupp


Meyer Turku Ltd and Tallink have announced that they have signed a shipbuilding contract for a passenger ferry with a purchase price of about EUR 230 million.

Finnvera guarantees 95 per cent of Tallink’s post-delivery buyer credit for which Finnvera’s subsidiary, Finnish Export Credit Ltd, has offered to provide long term financing for commercial banks arranging the buyer credit. The loan period is 12 years from the delivery of the vessel, which is to take place in early 2017.

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