ANNOUNCEMENT 30 Jun 2015

In June 2015, the German Export Crediting Agency announced its support of an export project concerning the construction of a hot-rolling mill in the United States of America.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 30 Jun 2015 | Removal date: open ended

Trade finance

The export loan was announced in June 2015 and finances the construction of a hot-rolling mill ('Errichtung eines Warmwalzwerkes') in the United States of America. The benefitting German exporter is Josef Fr?hling GmbH & Co. KG, Meinerzhagen.

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 (112 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8.5 years. The financing institution is UniCredit Bank AG, M?nchen.

AFFECTED SECTORS

 
544

AFFECTED PRODUCTS

 
N/A