ANNOUNCEMENT 31 May 2014

In May 2014, the German Export Crediting Agency announced its support of an export project concerning the modernisation of a fertilizer production complex in Turkey.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 May 2014 | Removal date: open ended

Trade finance

The export loan was announced in May 2014 and finances the modernisation of a fertilizer production complex ('Modernisierung eines D├╝ngemittelkomplexes') in Turkey. The benefitting German exporter is an unidentified producer.

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

The maturity of the loan will be 5 years. The financing institution is Deutsche Bank AG, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A