ANNOUNCEMENT 30 Sep 2016

In September 2016, the German Export Crediting Agency announced its support of an export project concerning the delivery of textile machines to Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Sep 2016 | Removal date: open ended

Trade finance

The export loan was announced in September 2016 and finances the delivery of textile machines ('Textilmaschinen') to Turkey. The benefitting German exporter is Oerlikon Textile GmbH & Co. KG, Neum?nster.

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

The maturity of the loan will be 8.5 years. The financing institution is Landesbank Hessen-Th?ringen.

AFFECTED SECTORS

 

AFFECTED PRODUCTS