<p><span class="infuse"><span>Royal Caribbean Cruises&nbsp;has&nbsp;revealed&nbsp;financing has been put in place for the second of its 5,400-passenger ships, the world&rsquo;s largest ever built.
<p dir="ltr" align="left">The world&rsquo;s second largest cruise operator today announced it had secured $1.13 billion, or 80% of the cost of Allure of the Seas, sister ship to Oasis of the Seas, which was launched last month.</p>
<p dir="ltr" align="left">In a statement Royal Caribbean said the facility will be 95% guaranteed by Finnvera, the official export credit agency of Finland, over a 12 year period.</p>
<p dir="ltr" align="left">In addition banks BNP Paribas, Citibank, Nordea Bank and SEB have each committed to provide 25% of the financing and each has a seven year option.</p>
<p dir="ltr" align="left">The company has an option of a floating or fixed rate of interest. Royal Caribbean said the commitments are subject only to "customary closing conditions."</p>
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