ANNOUNCEMENT 30 Aug 2013

In August 2013, the German Export Crediting Agency announced its support of an export project concerning the delivery of drug production plants as well as equipment for an R&D center in Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Aug 2013 | Removal date: open ended

Trade finance

The export loan was announced in August 2013 and finances the delivery of drug production plants as well as equipment for an R&D center ('Anlagen zur Herstellung von Medikamenten sowie Ausrüstungen für ein Forschungs- und Entwicklungszentrum') in Turkey. The benefitting German exporter is Textima Export Import GmbH, Berlin.

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 8 years. The financing institution is HSH Nordbank AG, Hamburg und NordLB, Hannover (consortium).

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A