ANNOUNCEMENT 29 Feb 2012

In February 2012, the German Export Crediting Agency announced its support of an export project concerning the delivery of machines for the production of textile synthetic fibres to India.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 29 Feb 2012 | Removal date: open ended

Trade finance

The export loan was announced in February 2012 and finances the delivery of machines for the production of textile synthetic fibres ('Maschinen zur Textilkunstfaser-Herstellung') to India. The benefitting German exporter is Oerlikon Barmag Zweigniederlassung der Oerlikon Textile GmbH & Co. KG.

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

The maturity of the loan will be 10 years. The financing institution is Landesbank Baden-Württemberg, Stuttgart.

AFFECTED SECTORS

 
446

AFFECTED PRODUCTS

 
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