ANNOUNCEMENT 29 Feb 2016

In February 2016, the German Export Crediting Agency announced its support of an export project concerning the delivery of turbines for a gas-turbine power station to Bangladesh.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Feb 2016 | Removal date: open ended

Trade finance

The export loan was announced in February 2016 and finances the delivery of turbines for a gas-turbine power station ('Turbinen f?r Gasturbinenkraftwerk') to Bangladesh. The benefitting German exporter is an unidentified producer.

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

The maturity of the loan will be 12 years. The financing institution is Standard Chartered Bank, London.

AFFECTED SECTORS

 

AFFECTED PRODUCTS