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Summary of the Meeting of the Board of Directors

Thursday, June 10, 2010
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

[To be provided]

Date Posted: Friday, June 25, 2010

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

June 10, 2010

ITEM NO 1 Minutes of May 6, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 2 Minutes of May 13, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 3 Minutes of May 20, 2010 Board Meeting to be approved
Board Decision: APPROVED. Chairman Hochberg, Director Kian and
Director Farrell all approved the minutes.

ITEM NO 4
Country UNITED ARAB EMIRATES AP084044XX
Request for FINAL COMMITMENT

Applicant EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Borrower EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Guarantor DUBAI ALUMINUM CO, DUBAI U ARAB EMIRATES
Guarantor MUBADALA DEVELOPMENT COMPANY PJSC, ABU DHABI U ARAB EMIRATES
Buyer EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
End-user EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Exporter GENERAL ELECTRIC INTERNATIONAL, SCHENECTADY NY
Exporter GENERAL ELECTRIC COMPANY, GREENVILLE SC
Exporter TAYLOR DEJONGH INC, WASHINGTON DC
Supplier GENERAL ELECTRIC INTERNATIONAL, SCHENECTADY NY
Supplier TAYLOR DEJONGH INC, WASHINGTON DC
Supplier GENERAL ELECTRIC COMPANY, GREENVILLE SC
Gteed Lender FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Project Name EMIRATES ALUMINIUM PROJECT
Project Description ALUMINUM SMELTER & POWER PLANT
Product Description GAS TURBINES & TECHNICAL SERVICES
Financed Amount $ 316,886,892
Repayment Term 12.6 YEARS

Board Decision: APPROVED. Also APPROVED an amendment requesting the option to proceed with either a Guarantee or Direct Loan. Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.

ITEM NO 5
Country KOREA, SOUTH AP084239XX
Request for FINAL COMMITMENT

Applicant NATL AGRICULTURAL COOPERATIVE FEDERATION, SEOUL 100707 KOREA, REP OF
Borrower NATL AGRICULTURAL COOPERATIVE FEDERATION, SEOUL 100707 KOREA, REP OF
Guarantor NONE
Buyer POSCO ENGINEERING & CONSTRUCTION CO. LTD,KANGNAM-GU, SEOUL,135777 KOREA, REP OF
End-user POSCO POWER CORP, SEOUL, 135-080 KOREA, REP OF
Exporter SIEMENS ENERGY, INC., ORLANDO FL
Supplier SIEMENS ENERGY, INC., ORLANDO FL
Supplier DOME CHARTERING & TRADING CORP, ANNAPOLIS MD
Supplier GULF LOGISTICS & PROJECTS CO INC, HOUSTON TX
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY

Project Name POSCO POWER INCHEON PLANT
Project Description (2) COMBINED CYCLE POWER PLANTS
Product Description GAS TURBINES & GENERATORS

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 INDONESIA
Request for Short-, Medium-, and Long-Term Special Delegated Authorities for Indonesian Banks.

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