ANNOUNCEMENT 29 Apr 2011

In April 2011, the German Export Crediting Agency announced its support of an export project concerning deliveries and services linked to the construction of two stainless-steel cold-rolling mills in China.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Apr 2011 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in April 2011 and finances deliveries and services linked to the construction of two stainless-steel cold-rolling mills ('Lieferungen und Leistungen im Zusammenhang mit der Errichtung von?zwei Edelstahl-Kaltwalzwerken') in China. The benefitting German exporter is SMS Siemag AG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (24 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8 years. The financing institution is UniCredit Bank AG, M?nchen.

AFFECTED SECTORS

 

AFFECTED PRODUCTS