ANNOUNCEMENT 31 Jan 2011

In January 2011, the German Export Crediting Agency announced its support of an export project concerning the delivery of a cold plate straightener and a cooling bed for an existing steel mill to Sweden.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Jan 2011 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in January 2011 and finances the delivery of a cold plate straightener and a cooling bed for an existing steel mill ('Kaltblechrichtmaschine und Kühlbett für ein bestehendes Stahlwerk') to Sweden. The benefitting German exporter is SMS Siemag Aktiengesellschaft.

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

The maturity of the loan will be 8.5 years. The financing institution is Commerzbank AG Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A