News | Board Minutes | 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                                   FEBRUARY 24, 2010



ITEM NO 1A
Country TURKEY                                 	       AP082381XX
Request for FINAL COMMITMENT				(Conversion No. 3)

Applicant      PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Borrower       SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Buyer          SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
End-user       PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS ¿ UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA
Gteed Lender   JPMORGAN CHASE BANK, NEW YORK NY
Lessor         SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Lessee         PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision APPROVED.  Chairman Hochberg and Director Kian voted in favor of the transaction, Director Farrell recused herself.

ITEM NO 1B
Country TURKEY                                 AP084890XX
Request for FINAL COMMITMENT

Applicant      PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Borrower       SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Buyer          SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
End-user       PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY
Exporter       BOEING COMPANY, THE, RENTON WA
Supplier       BOEING COMPANY, THE, RENTON WA
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender   JP MORGAN CHASE BANK, NEW YORK NY
Lessor         SPV/PEGASUS AIRLINES, ISTANBUL, 34660 TURKEY
Lessee         PEGASUS HAVA TASIMACILIGI A.S., ISTANBUL 34660 TURKEY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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


ITEM NO 2 ¿ WITHDRAWN


ITEM NO 3
Country KOREA, SOUTH                           AP084958XX
Request for FINAL COMMITMENT


Applicant      ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Borrower       SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Buyer          SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
End-user       ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Exporter       BOEING COMPANY, THE, EVERETT WA
Supplier       BOEING COMPANY, THE, EVERETT WA
Supplier       UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Supplier       VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender   TORONTO-DOMINION BANK, THE, MOUNT LAUREL NJ
Lessor         SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Lessee         ASIANA AIRLINES, INC, SEOUL 157-600 KOREA, REP OF
Cofin ECA	   EXPORT IMPORT BANK OF KOREA (¿KEXIM¿), SEOUL 150973 KOREA, REP OF

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 4
Country SLOVAK REPUBLIC                        AP084382XX
Request for FINAL COMMITMENT

Applicant      GENERAL ELECTRIC CAPITAL CORPORATION, WASHINGTON DC
Borrower       TEPLAREN A.S., SLOVAK REPUBLIC, POVAZSKA BYSTRICA SLOVAK REPUBLIC
Guarantor      GRAFOBAL GROUP A.S., BRATISLAVA SLOVAK REPUBLIC
Guarantor      GRAFOBAL SKALICA, A.S., SKALICA SLOVAK REPUBLIC
Guarantor      ADDITIONAL GUARANTORS
Buyer          ISTROENERGO GROUP, LEVICE SLOVAK REPUBLIC
End-user       TEPLAREN A.S., SLOVAK REPUBLIC, POVAZSKA BYSTRICA SLOVAK REPUBLIC
Exporter       GE INTERNATIONAL, INC., WASHINGTON DC
Supplier       GE PACKAGED POWER INC, HOUSTON TX
Gteed Lender   PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Cofin ECA	   MAGYAR EXPORT IMPORT BANK ZTR ("HEXIM"), BUDAPEST HUNGARY

Project Name TEPLAREN A.S. POVAZSKA BYSTRICA
Project Description COGENERATION POWER PLANT
Product Description GAS TURBINE
Financed Amount $   19,963,236
Repayment Term 7 YEARS

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


Item No. 5	
Country: Mexico             	Transaction No: FB-462906
Request for a Short Term Special Delegated Authority for Industrializadora  Oleofinos, S.A. de C.V.

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

ITEM NO 6
Country PAKISTAN                               LI084899XX
Request for LETTER OF INTEREST

Applicant      GENERAL ELECTRIC COMPANY, WASHINGTON DC
Borrower       MINST OF RAILWAYS, ISLAMABAD PAKISTAN
Guarantor      MINISTRY OF FINANCE, ISLAMABAD PAKISTAN
Buyer          MINST OF RAILWAYS, ISLAMABAD PAKISTAN
End-user       MINST OF RAILWAYS, ISLAMABAD PAKISTAN
Exporter       GENERAL ELECTRIC COMPANY, WASHINGTON DC
Supplier       GENERAL ELECTRIC COMPANY, WASHINGTON DC
Gteed Lender   NONE

Project Name Locomotives
Project Description Locomotives
Product Description Locomotives

Ex-Im Bank Liability (Millions) $20+
LI Expiry Date 09/14/10

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


ITEM NO 7
Country NIGERIA                                AP084352XX
Request for FINAL COMMITMENT

Applicant      HSBC BANK PLC, LONDON UNITED KINGDOM
Borrower       FIRST BANK OF NIGERIA PLC, LAGOS NIGERIA
Buyer          ARIK AIR LIMITED, IKEJA, LAGOS NIGERIA
End-user       ARIK AIR LIMITED, IKEJA, LAGOS NIGERIA
Exporter       GE COMMERCIAL AVIATION SERVICES LLC, STAMFORD CT
Supplier       CFM INTERNATIONAL INC, CINCINNATI OH
Supplier       VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier       BOEING COMPANY, THE, RENTON WA 
Gteed Lender   HSBC BANK PLC, LONDON UNITED KINGDOM

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT 
Repayment Term  6.75 YEARS

Board Decision APPROVED.  Chairman Hochberg and Director Kian both voted in favor 
of the transaction, Director Farrell recused herself.
 
ITEM NO 8
Country SAUDI ARABIA                           AP084500XX
Request for FINAL COMMITMENT

Applicant      MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
Borrower       MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
Guarantor      MAHMOOD SAEED GLASS INDUSTRIES CO. LTD, JEDDAH 21484 SAUDI ARABIA
Guarantor      MAHMOOD SAEED FURNITURE COMPANY LIMITED, JEDDAH 21484 SAUDI ARABIA
Guarantor      ADDITIONAL GUARANTORS
Buyer          MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
End-user       MAHMOOD SAEED COLLECTIVE COMPANY, JEDDAH 21441 SAUDI ARABIA
Exporter       STOLLE MACHINERY COMPANY, LLC, CANTON OH
Exporter       STOLLE MACHINERY, LLC, SIDNEY OH
Exporter       ADDITIONAL EXPORTERS
Supplier       STOLLE MACHINERY, LLC, SIDNEY OH
Supplier       BUSSE/SJI CORPORATION, RANDOLPH WI
Supplier       ADDITIONAL SUPPLIERS
Gteed Lender   NONE

Project Name MAHMOOD SAEED BEVERAGE CANS & ENDS IND.
Project Description ALUMINIUM CAN MANUFACTURING PROJECT
Product Description CAN MANUFACTURING EQUIPMENT
Financed Amount $   59,807,161
Repayment Term 10 YEARS

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