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 2017 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in May 2017 and finances the construction of a gas insulated high-voltage switchgear for the production of aluminium ('Errichtung einer gasisolierten Hochspannungsschaltanlage für die Aluminiumproduktion') to Bahrain. The benefitting German exporter is Siemens AG, Erlangen.

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

The maturity of the loan will be 12 years. The financing institution is Citibank N. A., London c/o Commerzbank AG, Frankfurt.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

462 Electricity distribution & control apparatus; parts
8535 Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, fuses, lightning arresters, voltage limiters, surge suppressors, plugs and other connectors, junction boxe
853510 Fuses

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