ANNOUNCEMENT 30 Nov 2008

In November 2008, the German Export Crediting Agency announced its support of an export project concerning the delivery and services linked to the construction of a raw plate production line in Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2008 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2008 and finances the delivery and services linked to the construction of a raw plate production line ('Lieferung und Leistung im Zusammenhang mit der Errichtung einer Grobblechstra├če') in Russia. The benefitting German exporter is SMS Demag AG.

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

The maturity of the loan is not specified. The financing institution is BNP PARIBAS S.A., Branch Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A