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 Jan 2013 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in January 2013 and finances the delivery of a steel mill ('Stahlwerk') to the Republic of Korea. The benefitting German exporter is several unidentified german producers.

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

The maturity of the loan will be 8 years. The financing institution is a bank consortium including: ING Bank, eine Niederlassung der ING-DiBa AG, Frankfurt (lead), Crédit Agricole Corporate and Investment Bank, Seoul, Landesbank Baden-Württemberg, The Bank of Tokyo-Mitsubishi UFJ Ltd., Seoul, The Hongkong and Shanghai Banking Corporation Limited, Seoul.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

886 Basic metal manufacturing services

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