ANNOUNCEMENT 10 Jan 2018
In 2018 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 10 January 2018, Export Development Bank Canada (EDC) announced an equity investment into the China firm various Canadian exporters relating to exports to China. The stated purpose of the transaction is the investment in venture capital fund to Carlyle Asia Partners V, L.P., China.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$25-50 million. Taking the lowest possible amount, in this case, Can.$25 million (approx. U.S.$20.12 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.