ICTSI secures US$302m financing for VICT’s construction
ICTSI’s subsidiary Victoria International Container Terminal (VICT) at the Port Melbourne has signed an A$398m (US$302m) syndicated loan facility with seven global financial institutions to support its terminal’s on-going construction.
The institutions included Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank of China Limited, DBS Bank Ltd., Investec Bank PLC as Mandated Lead Arrangers, and Cathay United Bank as Lead Arranger.
Additionally, the Finland-based export credit agency Finnvera provided a guarantee for a portion of the facility.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
