ANNOUNCEMENT 31 Jul 2015

In July 2015, the German Export Crediting Agency announced its support of an export project concerning the extension of a production plant for automatic transmissions in France.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Jul 2015 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in July 2015 and finances the extension of a production plant for automatic transmissions ('Erweiterung einer Produktionsanlage für Automatikgetriebe') in France. 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 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 (18 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 6 years. The financing institution is Commerzbank AG, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A