ANNOUNCEMENT 19 Dec 2017
In 2017 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 19 December 2017, Export Development Bank Canada (EDC) announced export financing for Cisco Systems Canada Co. relating to exports to Turkey. The stated purpose of the transaction is the sale of telecommunication equipment and/or services to Turkcell Iletisim Hizmetleri A.S., Turkey.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-100 million. Taking the lowest possible amount, in this case, Can.$50 million (approx. U.S.$39.11 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.