ANNOUNCEMENT 29 Feb 2016

In 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

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 29 Feb 2016 | Removal date: open ended

Trade finance

The export loan was announced in February 2016 and finances deliveries for the modernisation of a complete chipboard production plant ('Lieferung einer Anlage zur Modernisierung einer Gesamtanlage zur Herstellung von Holzspanplatten') in Bulgaria. The benefitting German exporter is GIM Export Group GmbH & Co. KG, Göttingen.

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.

AFFECTED SECTORS

 
883

AFFECTED PRODUCTS

 
N/A