IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 May 2012 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in May 2012 and finances the delivery of transformer, switching stations, etc. ('Trafostation, Schaltanlagen, Transformator usw.') to the United Arab Emirates. The benefitting German exporter is Siemens AG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (63 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is Deutsche Bank AG, Frankfurt / HSBC Bank plc, London / Credit Agricole Corporate and Investment Bank, Paris.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

461 Electric motors, generators & transformers; parts
8504 Electrical transformers, static converters (for example, rectifiers) and inductors.
850434 Having a power handling capacity exceeding 500 kVA

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