News | Board Minutes | 2004

                   EXPORT-IMPORT BANK OF THE UNITED STATES

              SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                               AUGUST 9, 2004

ITEM NO 1  New Product:  Dealer Insurance Policy

           Board Decision:  APPROVED as amended

ITEM NO 2  Minutes of July 1, 2004 Board Meeting to be approved.

Board Decision:  APPROVED

ITEM NO 3

Country NIGERIA                            AP080392XX

Request for FINAL COMMITMENT

Applicant      HSBC BANK PLC, LONDON E14 UNITED KINGDOM

Borrower       BOURDEX TELECOMMUNICATION LTD., ABA, ABIA STATE NIGERIA

Guarantor      ECOBANK TRANSNATIONAL INCORPORATED, LOME TOGO

Guarantor      ECOBANK NIGERIA PLC, VICTORIA ISLAND, LAGOS NIGERIA

Buyer          BOURDEX TELECOMMUNICATION LTD., ABA, ABIA STATE NIGERIA

End-user       BOURDEX TELECOMMUNICATION LTD., ABA, ABIA STATE NIGERIA

Exporter       NORTEL NETWORKS INC, RICHARDSON TX

Supplier       UTSTARCOM INC., ALAMEDA CA

Supplier       SUN MICROSYSTEMS, INC., SANTA CLARA CA

Supplier       ADDITIONAL SUPPLIERS

Gteed Lender   HSBC BANK PLC, LONDON E14 UNITED KINGDOM

Project Name BOURDEX TELECOMMUNICATIONS LTD PHASE I

Project Description MOBILE TELEPHONE SYSTEM

Product Description DESIGN, SOFTWARE & PACKET DATA NETWORK

Financed Amount $   18,266,282

Repayment Term  5 YEARS

Board Decision APPROVED