ANNOUNCEMENT 30 Sep 2009

In September 2009, the German Export Crediting Agency announced its support of an export project concerning the delivery of a multi shaft power train to Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Sep 2009 | Removal date: open ended

Trade finance

The export loan was announced in September 2009 and finances the delivery of a multi shaft power train ('Lieferung eines Multi Shaft Power Trains') to Russia. The benefitting German exporter is Siemens AG.

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

The maturity of the loan will be 12 years. The financing institution is CALYON Deutschland, Frankfurt together with Nord LB, Hannover.

AFFECTED SECTORS

 

AFFECTED PRODUCTS