KfW IPEX finances two A330s for RwandAir

Germany's KfW IPEX-Bank and Deutsche Pfandbriefbank are participating in the financing of two Airbus A330s for the African airline RwandAir. The loan will be passed on to the Rwandan airline via the Eastern and Southern African Trade and Development Bank. The transaction was co-arranged by the two German financial institutions and closed at the end of March 2018. KfW IPEX-Bank is assuming a 51% share and acts as Hermes agent and security trustee. The bank-to-bank financing package for 85% of the total purchase price for both aircraft will enable the Rwandan airline to repay financing issued in September 2016. The transaction is supported by a 100% ECA guarantee.