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 Sep 2015 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in September 2015 and finances engineering services and deliveries of mechanical and electrical equipment for the construction of a hot-rolling mill and the construction and commissioning supervision of said hot-rolling mill, delivered ('Engineering und Lieferung der mechanischen und elektrischen Ausr?stungen sowie ?berwachung der Montage und der Inbetriebnahme f?r die Errichtung eines Warmwalzwerkes') in Russia. The benefitting German exporter is SMS group GmbH, D?sseldorf.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 4. This category includes projects with a financing value between 101 and 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 101 million EUR (113 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 5 years. The financing institution is Commerzbank AG, Frankfurt.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

542 General construction services of civil engineering works

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