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: 30 Aug 2013 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in August 2013 and finances the construction of a steel and rolling-mill complex ('Errichtung eines Stahl- und Walzwerkkomplexes') in Venezuela. The benefitting German exporter is SMS Siemag AG, D?sseldorf.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 5. This category includes projects with a financing value of over 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 201 million EUR (266 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is Banco Bilbao Vizcaya Argentaria S.A. (BBVA), Frankfurt.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

443 Machinery for metallurgy & parts
8455 Metalrolling mills and rolls therefor.

Please report this page in case you detect an inaccuracy in its content.