OREANDA-NEWS. June 16, 2015. KfW IPEX-Bank and ING Capital LLC ("ING Capital") arranged a 12-year Coface-guaranteed loan for the EUR-equivalent of USD 227 million for Asiana Airlines, Inc. ("Asiana”") in connection with its acquisition of one Airbus A380-800 aircraft.

ING Capital initially acted as the sole Advisor and assisted Asiana in obtaining support from the Airbus ECA’s. ING Capital and KfW IPEX-Bank jointly arranged the funding of the Coface-guaranteed loan. ING Bank, a Branch of ING-DiBa AG and KfW IPEX-Bank acted as lenders. ING Capital will also act as the ECA agent and KfW IPEX-Bank as the security trustee. The financing closed concurrently with the delivery of the aircraft on June 8, 2015.

Milbank, Tweed, Hadley & McCloy LLP represented Asiana, Watson, Farley & Williams LLP represented Coface, and Clifford Chance represented ING Capital, ING Bank, a Branch of ING-DiBa AG, and KfW IPEX-Bank.