German lender KfW IPEX-Bank is helping to provide funding of EUR 786m ($920m) for a Carnival Corp cruiseship newbuilding.

The 184,000-gt LNG-powered vessel is being built at Meyer Werft in Papenburg.

KfW is handling the entire structuring of the financing and taking on the roles of book runner, initial mandated lead arranger, facility agent and export credit agency (ECA) agent.