ANNOUNCEMENT 31 May 2012In May 2012, the German Export Crediting Agency announced its support of an export project concerning the delivery of transformer, switching stations, etc. to the United Arab Emirates.
NUMBER OF INTERVENTIONS
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 (63 million USD), as the conservative estimate of the project value.
The maturity of the loan will be 10 years. The financing institution is Deutsche Bank AG, Frankfurt / HSBC Bank plc, London / Credit Agricole Corporate and Investment Bank, Paris.