ANNOUNCEMENT 16 Jan 2019
In 2019, Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 16 January 2019, Export Development Bank Canada (EDC) announced export financing for various Canadian exporters relating to exports to India. The stated purpose of the transaction is the renewal/refinancing of credit facilities to Tata Communications Limited, India.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$ 250-500 million. Taking the lowest possible amount, in this case, Can.$ 250 million (approx. U.S.$ 187.92 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.