Australian government finances Thai Ocean World

EFIC arranges export guarantee for Bt1 billion aquarium project in Bangkok.

Australia's export credit agency, EFIC, has provided a Bt300 million export finance guarantee to DBS Thai Danu Bank to support Australian operator Oceanis Holdings in its project to build the Bt1 billion Siam Ocean World Aquarium in Bangkok.

The deal is a sign of EFIC's increased involvement in Asian projects being undertaken by Australian companies. EFIC provides export finance and insurance for the projects.

Craig Scullin, director of EFIC, says the agency was keen to work with DBS Thai Danu Bank. Working with them enabled the finance to be provided in Thai baht, matching the project's revenue stream and thereby eliminating the foreign currency risk.

Oceanis...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222