News | Board Minutes | 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

JUNE 3, 2010


ITEM NO 1
Country: Mexico             			Policy No. ESS-448529, others
Request for a Short Term Special Delegated Authority for Nemak, S.A. 
Board Decision APPROVED.  Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.


ITEM NO 2
Country: MEXICO	Policy No.: FB-468293
Request For: AMENDMENT 		             Coverage Type/Term: Comprehensive/ST
Policy Type: Financial Institution Buyer Credit

Insured:       Espirito Santo Bank, Miami, FL
Buyer/Obligor: Molinera de Mexico, S.A. de C.V., San Pedro Garcia, Mexico
               Compania Nacional Almacenadora, S.A. de C.V., San Pedro Garza Garcia, Mexico
End User:      Molinera de Mexico, S.A. de C.V., San Pedro Garcia, Mexico
               Compania Nacional Almacenadora, S.A. de C.V., San Pedro Garza Garcia, Mexico
Guarantor:     Gruma S.A.B. de C.V., San Pedro Garza Garcia, Mexico
Exporter(s):   Cargill Inc., Wayzata, MN
               The Scoular Company, Omaha, NE
               Lansing Trade Group, Overland Park, KS
Supplier(s):   Cargill Inc., Wayzata, MN 
               The Scoular Company, Omaha, NE
               Lansing Trade Group, Overland Park, KS
Broker:        Johnstone Downey Klein, Inc., D/B/A Int¿l Risk Consultants, Columbus, OH
Product/Use:   Wheat & Corn/ Inventory
Ex-Im Bank Liability (Millions):  $20+

Board Decision:  APPROVED.  Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the amendment.

ITEM NO 3
Country UKRAINE                                  AP085051XX
Request for FINAL COMMITMENT (NEW)

Applicant     BNP-PARIBAS, NEW YORK NY
Borrower      FERREXPO AG, BAAR CH-6340 SWITZERLAND
Guarantor     YERISTOVO MINING/PROCESSING INTEGRATED, KOMSOMOLSK CITY, UKRAINE
Guarantor     FERREXPO POLTAVA GOK, KOMSOMOLSK CITY, POLTAV UKRAINE
Buyer         FERREXPO AG, BAAR CH-6340 SWITZERLAND
End-user      YERISTOVO MINING/PROCESSING INTEGRATED, KOMSOMOLSK CITY, UKRAINE
Exporter      CATERPILLAR INC., PEORIA IL
Supplier      CATERPILLAR INC., PEORIA IL 
Supplier      VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender  BNP-PARIBAS, NEW YORK NY

Project Name NONE
Project Description IRON ORE MINING
Product Description MINING EQUIPMENT

Financed Amount $ 18,039,668
Repayment Term 7 YEARS

Board Decision APPROVED.  Chairman Hochberg, Directors Kian and Farrell all voted in favor of the transaction.



ITEM NO 4
Country SPAIN                                  AP084578XX
Request for AMENDMENT

Applicant     BANCO BILBOA VIZCAYA ARGENTARIA, S.A., NEW YORK NY
Applicant     BNP PARIBAS, 75450 PARIS, CEDEX 09 FRANCE
Borrower      HISPASAT, S.A., 28023 MADRID SPAIN
Guarantor     NONE
Buyer         HISPASAT, S.A., 28023 MADRID SPAIN
End-user      HISPASAT, S.A., 28023 MADRID SPAIN
Exporter      SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Exporter      TO BE DETERMINED, UNKNOWN DC
Supplier      SPACE SYSTEMS/LORAL INC, PALO ALTO CA
Supplier      TO BE DETERMINED, UNKNOWN DC
Gteed Lender  BANCO BILBOA VIZCAYA ARGENTARIA, S.A., NEW YORK NY
Gteed Lender  BNP PARIBAS, 75450 PARIS, CEDEX 09 FRANCE

Project Name NONE
Project Description TELECOMMUNICATION SERVICES
Product Description ONE SATELLITE LAUNCH INSURANCE
Financed Amount $ 175,258,434
Repayment Term 8.6 YEARS

Board Decision APPROVED.  Chairman Hochberg, Directors Kian and Farrell all voted in favor of the amendment.
 
ITEM NO 5
Country SAUDI ARABIA                           AP084344XX
Request for FINAL COMMITMENT

Applicant      SUEZ TRACTABEL, DUBAI BRANCH, DUBAI U ARAB EMIRATES
Borrower       DHURUMA ELECTRICITY COMPANY, SAUDIA ARABIA SAUDI ARABIA
Guarantor      NONE
Buyer          DHURUMA ELECTRICITY COMPANY, SAUDIA ARABIA SAUDI ARABIA
End-user       DHURUMA ELECTRICITY COMPANY, SAUDIA ARABIA SAUDI ARABIA
Exporter       GENERAL ELECTRIC COMPANY, GREENVILLE SC
Exporter       GENERAL ELECTRIC COMPANY INC, ATLANTA GA
Exporter       ADDITIONAL EXPORTERS
Supplier       GENERAL ELECTRIC COMPANY, GREENVILLE SC
Supplier       GENERAL ELECTRIC COMPANY INC, ATLANTA GA
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   NONE

Project Name DHURUMA 1729MW
Project Description GAS FIRED COMBINED CYCLE POWER PLANT
Product Description GAS TURBINES & SPARE PARTS

Board Decision:  REFER TO U.S. CONGRESS.  Chairman Hochberg, Director Kian and 
Director Farrell all voted in favor of the transaction.


ITEM NO 6
Country SINGAPORE                              AP084906XX
Request for FINAL COMMITMENT

Applicant      CITIBANK, N.A., SINGAPORE 039190 SINGAPORE
Borrower       SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Buyer          SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
End User       CATHAY PACIFIC AIRWAYS LIMITED, CHEK LAP KOK 1003 HONG KONG
End User       HAINAN AIRLINES CO. LTD., HAINAN 570206 CHINA(MAINLAND)
End User       JET AIRWAYS (INDIA) PVT. LTD., MUMBAI - 400021 INDIA
Exporter       BOEING COMPANY, THE, RENTON WA
Exporter       BOEING COMPANY, THE, EVERETT WA
Supplier       BOEING COMPANY, THE, RENTON WA
Supplier       BOEING COMPANY, THE, EVERETT WA
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   CITIBANK, N.A., SINGAPORE 039190 SINGAPORE
Lessor         SPV/BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Lessee         BOC AVIATION PTE. LTD., SINGAPORE 068811 SINGAPORE
Cofin ECA      NIPPON EXPORT AND INVESTMENT INSURANCE, CHIYODA-KU, TOKYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision:  REFER TO U.S. CONGRESS.  Chairman Hochberg and Director Kian 
both voted in favor of the transaction, Director Farrell recused herself.