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 2011 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in May 2011 and finances the engineering, delivery, assembly and commissioning suppervision of a hot strip mill, including training of customer employees ('Engineering, Lieferung, Montage- und Inbetriebnahmeüberwachung einer Warmbandstraße sowie Training des Kundenpersonals') in Turkey. The benefitting German exporter is SMS Siemag AG.

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 (145 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is WestLB AG, Düsseldorf.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

833 Engineering services

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