ANNOUNCEMENT 31 Mar 2016

In März 2016, the German Export Crediting Agency announced its support of an export project concerning the delivery of machines for the textile production to Indonesia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Mar 2016 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in März 2016 and finances the delivery of machines for the textile production ('Maschinen für die Textilfaserproduktion') to Indonesia. 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 10 years. The financing institution is IKB Deutsche Industriebank AG.

AFFECTED SECTORS