Summary of Minutes of Meeting of Board of Directors

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News | Board Minutes | 2010

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
JUNE 24, 2010

ITEM NO 1 Minutes of June 10, 2010, Board Meeting to be approved Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all approved the minutes. ITEM NO 2 Country: INDIA ¿ AP084337XX Sasan Coal Fired Power Plant ¿ High Carbon Intensity project Enhanced Due Diligence Board Decision: DENIED. Chairman Hochberg and Director Farrell voted to deny the transaction. Director Kian voted against the motion to deny the transaction. ITEM NO 3 Country MEXICO AP084977XX Request for FINAL COMMITMENT Applicant JPMORGAN CHASE BANK, 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 - UNITED STATES SUPPLIERS, UNKNOWN DC Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY Project Name NONE Project Description CREDIT GUARANTEE FACILITY - CFE Product Description VARIOUS U.S. GOODS AND SERVICES Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the referral. ITEM NO 4 Country CANADA AP085022XX Request for FINAL COMMITMENT Applicant BOMBARDIER INC., DORVAL CANADA Borrower BOMBARDIER INC., DORVAL CANADA Guarantor NONE Buyer BOMBARDIER INC., DORVAL CANADA End User BOMBARDIER AEROSPACE MEXICO, S.A.DE C.V., EL MARQUES MEXICO End User SHORT BROTHERS PLC, BELFAST IRELAND Exporter ADVANCED INTEGRATION TECHNOLOGY INC, PLANO TX Supplier ADVANCED INTEGRATION TECHNOLOGY INC, PLANO TX Gteed Lender JPMORGAN CHASE BANK, DALLAS TX Project Name NONE Project Description AIRCRAFT PARTS MANUFACTURING Product Description AIRCRAFT MFG EQUIP & ENGINEERING SVCS Financed Amount $ 51,103,600 Repayment Term 5 YEARS Board Decision: APPROVED. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction. ITEM NO 5 Country HONDURAS AP083987XX Request for FINAL COMMITMENT Applicant ENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS Borrower ENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS Guarantor NONE Buyer ENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS End-user ENERGIA EOLICA DE HONDURAS S.A., TEGUCIGALPA HONDURAS Exporter GAMESA TECHNOLOGY CORPORATION INC, LANGHORNE PA Exporter NORD/LB FINANCIAL SERVICES LLC, NEW YORK NY Exporter ADDITIONAL EXPORTERS Supplier NORD/LB FINANCIAL SERVICES LLC, NEW YORK NY Supplier ALLEN & OVERY LLP, NEW YORK NY Supplier ADDITIONAL SUPPLIERS Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ Project Name CERRO DE HULA Project Description 102 MW WIND POWER FARM Product Description WIND TURBINES Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the referral. ITEM NO 6 Country MEXICO AP084609XX Request for FINAL COMMITMENT Applicant MINERA Y METALURGICA DEL BOLEO, SA MEXICO Borrower MINERA Y METALURGICA DEL BOLEO, SA MEXICO Guarantor NONE Buyer MINERA Y METALURGICA DEL BOLEO, SA MEXICO End-user MINERA Y METALURGICA DEL BOLEO, SA MEXICO Exporter FL SMIDTH INC, CATASAUQUA PA Exporter FLOWMAX PRODUCTS INC, LIVERMORE CA Exporter ADDITIONAL EXPORTERS Supplier FL SMIDTH INC, CATASAUQUA PA Supplier FLOWMAX PRODUCTS INC, LIVERMORE CA Supplier ADDITIONAL SUPPLIERS Gteed Lender NONE Project Name EL BOLEO MINE (MEXICO) Project Description COPPER/COBALT/ZINC MINING PROJECT Product Description EL BOLEO COPPER/COBALT/ZINC PROJECT Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the referral. ITEM NO 7 Country BRAZIL AP084018XX Request for FINAL COMMITMENT Applicant STAR ONE, RIO DE JANEIRO, RJ BRAZIL Borrower STAR ONE, RIO DE JANEIRO, RJ BRAZIL Guarantor NONE Buyer STAR ONE, RIO DE JANEIRO, RJ BRAZIL End-user STAR ONE, RIO DE JANEIRO, RJ BRAZIL Exporter ORBITAL SCIENCES CORPORATION, DULLES VA Supplier NORTHROP GRUMMAN SYSTEMS CORP, WOODLAND HILLS CA Supplier ADCOLE CORPORATION, MARLBOROUGH MA Supplier ADDITIONAL SUPPLIERS Gteed Lender NONE Project Name STAR ONE C3 SATELLITE Project Description TELECOMMUNICATION SERVICES - SATELLITE Product Description SATELLITE Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the referral. ITEM NO 8A Country ETHIOPIA AP084930XX Request for FINAL COMMITMENT Applicant ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Borrower SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Buyer SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA End-user ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Exporter BOEING COMPANY, THE, EVERETT WA Exporter GENERAL ELECTRIC COMPANY, CINCINNATI OH Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH Supplier BOEING COMPANY, THE, EVERETT WA Gteed Lender CITIBANK INTERNATIONAL PLC, LONDON, LONDON WC2R1LS UNITED KINGDOM Lessor SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Lessee ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), 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 referral, Director Farrell recused herself. ITEM NO 8B Country ETHIOPIA PC081763XX Request for AMENDMENT OF PRELIMINARY COMMITMENT Applicant ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Borrower SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Buyer SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA End-user ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Exporter BOEING COMPANY, THE, EVERETT WA Supplier BOEING COMPANY, THE, EVERETT WA Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ Lessor SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA Lessee ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), 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 referral, Director Farrell recused herself.