ANNOUNCEMENT 31 May 2012

In 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

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 May 2012 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in May 2012 and finances the delivery of transformer, switching stations, etc. ('Trafostation, Schaltanlagen, Transformator usw.') to the United Arab Emirates. 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 (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.

AFFECTED SECTORS

 

AFFECTED PRODUCTS