ANNOUNCEMENT 31 May 2011In May 2011, the German Export Crediting Agency announced its support of an export project concerning deliveries and equipment for the construction of an electric arc furnce, a ladle furnace, a dust extraction unit and a continous billet caster in Russia.
NUMBER OF INTERVENTIONS
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 (73 million USD), as the conservative estimate of the project value.
The maturity of the loan will be 9 years. The financing institution is Société Générale S.A. Paris, Frankfurt.