News | Board Minutes | 2003

                        EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF THE CREDIT COMMITTEE
SEPTEMBER 16, 2003

ITEM NO. 1

Country             NIGERIA                                AP078740XX

Request for      Amendment of Final Commitment

Applicant         Riggs Bank Na, Washington Dc

Borrower         Monarch Communications Ltd., Ikoyi, Lagos Nigeria

Guarantor        Industrial & General Insurance Co. Ltd., Victoria Island, Lagos Nigeria

Guarantor        Econbank Nigeria Ltd, Victoria Island, Lagos Nigeria

Buyer              Monarch Communications Ltd., Ikoyi, Lagos Nigeria

End-user          Monarch Communications Ltd., Ikoyi, Lagos Nigeria

Exporter          Dmc Stratex Networks Inc, San Jose Ca

Exporter          Airspan Networks, Inc., Boca Raton Fl

Exporter          Additional Exporters

Supplier           Danet, Inc, Wexford PA

Supplier           Dmc Stratex Networks Inc, San Jose Ca

Supplier           Additional Suppliers

Gteed Lender   Riggs Bank NA, Washington Dc
 Project Name  None

Project Description Telecom & Internet Service Provider

Product Description Telecommunication Equipment

Credit Committee Decision  APPROVED