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Bank Debt Deal of the Year

19 March 2008 ---

Marine Money, a leading publication dedicated to the business of ship finance, voted the USD 910,000,000 Secured Credit Facilities for ZIM Integrated Shipping Services as the “Bank Debt Deal of the Year 2007”. BNP Paribas acted as Mandated Lead Arranger to finance pre-and post-delivery of new-building for two TEU 8,200 and six TEU 10,000 container vessels to be built in South Korea. ZIM the Israeli carrier ranks 14th among Global Container Liner Operators.

The transactions were structured as multi-tranched Facilities in order to accommodate KEXIM and KEIC specific requirements in part of the financing, while providing the most suitable competitive scheme for ZIM. The tenor was 3-year pre-delivery and 12-year post-delivery. The aggregate outstanding under the facilities will be a maximum of USD 910 million at delivery.

The participants are Korean Export Agencies, Kexim, KEIC, HBOS, Fortis, CIC, Natixis, Dexia, Efibanca.

This transaction involved Transportation Group with its Shipping team and Loan Syndications.

Official date : 19/03/2008
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