ANNOUNCEMENT 30 Nov 2008

In November 2008, the German Export Crediting Agency announced its support of an export project concerning the construction of an electro-steel plant in India.

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 construction of an electro-steel plant ('Errichtung eines Elektrostahlwerkes') in India. 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 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 (128 million USD), as the conservative estimate of the project value.

The maturity of the loan is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A