ANNOUNCEMENT 30 Nov 2009

In November 2009, the German Export Crediting Agency announced its support of an export project concerning the delivery of a paper production machine to the Republic of Korea.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2009 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2009 and finances the delivery of a paper production machine ('Papiermaschine') to the Republic of Korea. The benefitting German exporter is Voith Paper GmbH & Co. KG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 4. This category includes projects with a financing value between 101 and 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 101 million EUR (152 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8.5 years. The financing institution is KfW IPEX-Bank GmbH, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS