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November 2011 - Crédit Agricole CIB finances new aircraft for Korean Air
On 28 November 2011, Crédit Agricole CIB closed its fourth and final A380 financing of the year for Korean Air.
The transaction consists of a 12-year CofaceCoface is the French Export Credit that extends credit to local exporters. ECAs also provide guarantees and insurance for exports, and occasionally for imports as well.-guaranteed export credit financing jointly arranged and provided by Crédit Agricole CIB and KfW Ip-Ex Bank. Crédit Agricole CIB also acts as facility agent and security trustee.
In May 2011, Crédit Agricole CIB already acted as ECA facility agent and security trustee for the acquisition of the first A380 aircraft by Korean Air.