ANNOUNCEMENT 29 Feb 2016In February 2016, the German Export Crediting Agency announced its support of an export project concerning deliveries for the modernisation of a complete chipboard production plant in Bulgaria.
NUMBER OF INTERVENTIONS
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 (17 million USD), as the conservative estimate of the project value.
The maturity of the loan will be 10 years. The financing institution is Commerzbank AG, Frankfurt.