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News | Board Minutes | 2005
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
SEPTEMBER 28, 2005
ITEM NO 1 Resolution Regarding PEFCO Secured Notes Issues
          Board Decision:  APPROVED 
ITEM NO 2 Minutes of August 25, 2005, Board Meeting to be approved 
  Board Decision:  APPROVED

ITEM NO 3 Minutes of September 8, 2005, Board Meeting to be approved 
  Board Decision:  APPROVED

ITEM NO 4
Country MEXICO                                 AP081769XX
Request for FINAL COMMITMENT
Applicant      STANDARD CHARTERED BANK, NEW YORK NY
Borrower       PEMEX PROJECT FUNDING MASTER TRUST, THE, MEXICO D.F. 11311 MEXICO
Guarantor      PETROLEOS MEXICANOS, MEXICO, DISTRITO F MEXICO
Guarantor      PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor      ADDITIONAL GUARANTORS
Buyer          PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user       PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter       BERRY CONTRACTING LP, CORPUS CHRISTI TX
Exporter       BJ SERVICES COMPANY, HOUSTON TX
Exporter       ADDITIONAL EXPORTERS
Supplier       BERRY CONTRACTING LP, CORPUS CHRISTI TX
Supplier       BJ SERVICES COMPANY, HOUSTON TX
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   STANDARD CHARTERED BANK, NEW YORK NY
Gteed Lender   BANCO SANTANDER CENTRAL HISPANO, NEW YORK NY
Project Name PEG III
Project Description GAS FIELD EXPLORATION
Product Description DRILLING SERVICES
Financed Amount $  300,000,000
Repayment Term  8.5 YEARS
Board Decision APPROVED

ITEM NO 5A
Country NEW ZEALAND                            AP081879XX
Request for FINAL COMMITMENT
Applicant      AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Borrower       SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Guarantor      AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Buyer          SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
End-user       AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Exporter       BOEING COMPANY, EVERETT WA
Supplier       BOEING COMPANY, EVERETT WA
Supplier       ROLLS ROYCE LTD, LONDON UNITED KINGDOM
Gteed Lender   BNP PARIBAS, SINGAPORE 049319 SINGAPORE
Head Lessor    SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Head Lessee    AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessor    AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessee    AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Cofin ECA    EXPORT CREDITS & GUARANTEE DEPT. (ECGD), LONDON UNITED KINGDOM
Cofin ECA    NIPPO EXPORT AND INVESTMENT INSURANCE (NEXI), JAPAN
Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term 12 YEARS
Board Decision APPROVED

ITEM NO 5B
Country NEW ZEALAND                            PC081880XX
Request for PRELIMINARY COMMITMENT
Applicant      AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Borrower       SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Guarantor      AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Buyer          SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
End-user       AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Exporter       BOEING COMPANY, EVERETT WA
Supplier       ROLLS ROYCE LTD, LONDON UNITED KINGDOM
Supplier       BOEING COMPANY, EVERETT WA
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN NEW ZEALAND
Head Lessor    SPV/AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Head Lessee    AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessor    AIR NEW ZEALAND AIRCRAFT HOLDINGS LIMITED
Sub Lessee    AIR NEW ZEALAND LIMITED, AUCKLAND 1001 NEW ZEALAND
Project Name   NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
PC Expiry Date 02/14/06
Board Decision APPROVED

ITEM NO 6A
Country MEXICO                                  AP081115XX
Request for FINAL COMMITMENT    CONVERSION NO. 1
Applicant      AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Borrower       SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Guarantor      NONE
Buyer          SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
End-user       AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   ING (US) CAPITAL, LLC, NEW YORK NY
Lessor         SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Lessee         AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Project Name   NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term   12 YEARS
Board Decision APPROVED

ITEM NO 6B
Country MEXICO                                 PC081884XX
Request for PRELIMINARY COMMITMENT
Applicant      AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Borrower       SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Guarantor      NONE
Buyer          SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
End-user       AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor         SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITIO F 06500 MEXICO
Lessee         AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
PC Expiry Date 02/14/06
Board Decision APPROVED

ITEM NO 7
Country SAUDI ARABIA                           AP082023XX
Request for FINAL COMMITMENT
Applicant      ARAB BANKING CORP, NEW YORK NY
Borrower       SPV/NATIONAL AIR SERVICE COMPANY LTD, JEDDAH 21415 SAUDI ARABIA
Guarantor      NONE
Buyer          SPV/NATIONAL AIR SERVICE COMPANY LTD, JEDDAH 21415 SAUDI ARABIA
End-user       NATIONAL AIR SERVICE COMPANY LTD., JEDDAH 21415 SAUDI ARABIA
Exporter       GULFSTREAM AEROSPACE CORP DEL, SAVANNAH GA
Supplier    GULFSTREAM AEROSPACE CORP DEL, SAVANNAH GA
Supplier       AEROSTRUCTURES CORP, NASHVILLE TN
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   ARAB BANKING CORP, NEW YORK NY
Lessor         SPV/NATIONAL AIR SERVICE COMPANY LTD, JEDDAH 21415 SAUDI ARABIA
Lessee         NATIONAL AIR SERVICE COMPANY LTD., JEDDAH 21415 SAUDI ARABIA
Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term  7 YEARS
Board Decision APPROVED

ITEM NO 8A
Country PAKISTAN                               AP079207XX
Request for FINAL COMMITMENT
Applicant      PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN
Borrower       SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN
Guarantor      GOVT OF PAKISTAN, ISLAMABAD PAKISTAN PAKISTAN
Buyer          SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN
End-user       PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN
Exporter       BOEING COMPANY, EVERETT WA
Exporter       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Supplier       BOEING COMPANY, EVERETT WA
Supplier       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Gteed Lender   CITIBANK N A, NEW YORK NY
Lessor         SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN
Lessee         PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN
Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term  12 YEARS
Board Decision APPROVED

ITEM NO 8B
Country PAKISTAN                               PC079207XX
Request for AMENDMENT OF PRELIMINARY COMMITMENT
Applicant      PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN
Borrower       SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN
Guarantor      GOVT OF PAKISTAN, ISLAMABAD PAKISTAN PAKISTAN
Buyer          SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN
End-user       PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN
Exporter       BOEING COMPANY, EVERETT WA
Exporter       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Supplier       BOEING COMPANY, EVERETT WA
Supplier       GENERAL ELECTRIC COMPANY INC, CINCINNATI OH
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor         SPV/PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200 PAKISTAN
Lessee         PAKISTAN INTERNATIONAL AIRLINES CORP, KARACHI 75200, PAKISTAN
Project Name  NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
PC Expiry Date 04/14/06
Board Decision APPROVED

ITEM NO 9
Country MEXICO                                 AP081860XX
Request for FINAL COMMITMENT
Applicant      BNP-PARIBAS, NEW YORK NY
Borrower       COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO 06600 MEXICO
Guarantor      NONE
Buyer          COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO 06600 MEXICO
End-user       COMISION FEDERAL DE ELECTRICIDAD, CIUDAD DE MEXICO 06600 MEXICO
Exporter       VARIOUS, UNKNOWN
Supplier       VARIOUS, UNKNOWN
Gteed Lender   BNP-PARIBAS, NEW YORK NY
Project Name  NONE
Project Description ELECTRIC - CGF
Product Description VARIOUS ELECTRIC EQUIPMENT
Financed Amount $   30,765,342
Repayment Term  5 YEARS
Board Decision APPROVED

Item No. 10 Proposal to Amend the Working Capital Guarantee Program 
Board Decision APPROVED