ANNOUNCEMENT 29 May 2009

In May 2009, the German Export Crediting Agency announced its support of an export project concerning the delivery of a fiber-optic submarine cable to Indonesia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 May 2009 | Removal date: open ended

Trade finance

The export loan was announced in May 2009 and finances the delivery of a fiber-optic submarine cable ('Glasfaser-Seekabel') to Indonesia. The benefitting German exporter is Norddeutsche Seekabelwerke.

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

The maturity of the loan is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS