ANNOUNCEMENT 28 Jun 2013

In June 2013, the German Export Crediting Agency announced its support of an export project concerning deliveries and services for an aluminium melt in the United Arab Emirates.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 28 Jun 2013 | Removal date: open ended

Trade finance

The export loan was announced in June 2013 and finances deliveries and services for an aluminium melt ('Lieferungen und Leistungen für eine Aluminiumschmelze') in the United Arab Emirates. The benefitting German exporter is several unidentified german producers.

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

The maturity of the loan will be 13 years. The financing institution is KfW IPEX-Bank GmbH, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A