15.12.2005 - New model for ship financing
First provider in applying bonded loans
HCI Capital AG together with HAMMONIA Reederei GmbH & Co. KG and the Dresdner Bank AG has, as the first German provider of closed end funds, applied a bonded loan as an instrument for ship financing The 2.700 TEU container vessel MV “APULIA”, which will be placed under the umbrella fund, Shipping Select XV, will be financed by a so-called bonded loan for the first time. Typical for this kind of granting of loans is its interchange ability. The bank is able to pass this loan on to third parties by use of bonds. Within the circle of acquirers of these bonds are, amongst others, international intuitional investors. The largest advantage of these bonded loans is especially the obvious small credit costs.
