ANNOUNCEMENT 30 Aug 2013In August 2013, the German Export Crediting Agency announced its support of an export project concerning the construction of a steel and rolling-mill complex in Venezuela.
NUMBER OF INTERVENTIONS
The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 5. This category includes projects with a financing value of over 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 201 million EUR (266 million USD), as the conservative estimate of the project value.
The maturity of the loan will be 10 years. The financing institution is Banco Bilbao Vizcaya Argentaria S.A. (BBVA), Frankfurt.