AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 20 June 2017, Export Development Bank Canada (EDC) announced export financing for Canada Pension Plan Investment Board relating to exports to Australia. The stated purpose of the transaction is the renewal/refinancing of credit facilities to Broadcast Australia Infrastructure Holdings Pty Limited, Australia.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$100-250 million. Taking the lowest possible amount, in this case, Can.$100 million (approx. U.S.$75.2 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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