Citi and China Exim Support Toisa

While we are still on the subject of Chinese banks’ strong support for domestic shipyards, China Exim Bank has joined hands with Citigroup to provide offshore owner Toisa limited with a structuring financing solution of up to 10 years. USD 127 million of debt will be used to finance three anchor handling tug supply vessels (AHTS) and one platform supply vessel (PSV) ordered at Wuchang Shipyards. Wuchang Shipyards is one of the key shipbuilding units under the state-owned shipbuilder China Shipbuilding Industrial Corporation.

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