ANNOUNCEMENT 28 Feb 2017

In February 2017, the German Export Crediting Agency announced its support of an export project concerning the delivery of spinning and automatic winding machines to India.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 28 Feb 2017 | Removal date: open ended

Trade finance

The export loan was announced in February 2017 and finances the delivery of spinning and automatic winding machines ('Spinnerei- und Aufwickelmaschinen') to India. The benefitting German exporter is Oerlikon Textile GmbH & Co. KG, Remscheid.

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 10 years. The financing institution is AKA Ausfuhrkredit-Gesellschaft mbH, Frankfurt Landesbank Baden-W?rttemberg, Stuttgart.

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AFFECTED PRODUCTS