ANNOUNCEMENT 30 Jun 2010

In June 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery of an ammonium nitrate plant to Australia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Jun 2010 | Removal date: open ended

Trade finance

The export loan was announced in June 2010 and finances the delivery of an ammonium nitrate plant ('Anlage zur Herstellung von Ammoniumnitrat') to Australia. The benefitting German exporter is Uhde GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (62 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8.5 years. The financing institution is The Hongkong & Shanghai Banking Corporation Ltd., Sydney Branch c/o HSBC Bank plc., London.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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