ANNOUNCEMENT 29 Apr 2011

In April 2011, the German Export Crediting Agency announced its support of an export project concerning the construction of a highly carbonaceous ferrochrome production plant in Kazakhstan.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 29 Apr 2011 | Removal date: open ended

Trade finance

The export loan was announced in April 2011 and finances the construction of a highly carbonaceous ferrochrome production plant ('Errichtung einer Anlage zur Gewinnung von hoch kohlenstoffhaltigem Ferrochrom') in Kazakhstan. 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 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 (150 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 9 years. The financing institution is a bank consortium led by Société Générale S.A., Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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