India's largest lender State Bank of India (SBI) and the Export-Import Bank of Korea (Korea Eximbank) today signed a loan agreement under which SBI would access a $200 million revolving line of credit from Korea Eximbank. A press release from SBI said it would utilise the line of credit, or...
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2014/01/30
(Czech Radio, Prague, 15 January 2014) Two state controlled Czech export credit and insurance institutions are at the centre of plans to boost the country’s export growth. But an expected strengthening of their role would appear to depend on dealing with problems from the recent past. Czech...
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2014/01/30
Country: Italy
ECAs: SACE S.p.A.
(BelTA, Minsk, 11 January 2014) – The Italian financial community is interested in cooperation with Belarusbank following the visit of a Belarusbank delegation to Italy's state-run export credit agency SACE. The visit was arranged with the assistance of Italian bank Intesa Sanpaolo. During...
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2014/01/30
Country: Italy
Italy's "Ansaldobreda was awarded a contract in 2004 by Danish railways for 83 intercity trains worth a total of EUR 488 million, including an option for a further 67 trains. To guarantee this contract, SACE issued bonds for EUR 50 million. Ansaldobreda, a Finmeccanica company, is a world...
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2014/01/30
The EU and several other OECD members have agreed to allow their export credit agencies to underwrite longer repayment terms for loans financing infrastructure. The deal, entered into force on 1 January 2014, will cover the export of trains, tracks, rail IT and related material and will be a...
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