Facebook pixel

Summary/Agenda of the Meeting of the Board of Directors

Thursday, August 2, 2012
 
Completed

I. NON-CLASSIFIED ITEMS:

OPEN: NONE

CLOSED:

STRUCTURED FINANCE DIVISION

1. COUNTRY: UNITED ARAB EMIRATES - AP084728XX

FOREIGN BUYER: Doosan Heavy Industries & Construction

PRODUCTS: Engineering, Pumps, I&C

TRADE FINANCE DIVISIONbr>
2. COUNTRY: TURKEY - AP087215XX

FOREIGN BUYER: Bis Enerji Elektrik Uretim

PRODUCTS: Generator Set

CREDIT POLICY COMMITTEE

3. Country Review (CLS Cover Policy and Footnote Changes)

II. CLASSIFIED ITEMS: NONE

CERTIFICATION FOR CLOSURE OF MEETING

I, Lisa V. Terry, Assistant General Counsel for Administration (Acting) , hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday,August 2, 2012, in the Board Room will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Lisa V. Terry
Assistant General Counsel

Date Posted: Thursday, July 26, 2012

Country UNITED ARAB EMIRATES AP084728XX
Request for FINAL COMMITMENT

Applicant WESTINGHOUSE ELECTRIC CO LLC, MONROEVILLE PA
Borrower SPV, ABU DHABI U ARAB EMIRATES
Guarantor KOREA ELECTRIC POWER CORP, SEOUL 135-791 KOREA, REP OF
Guarantor ABU DHABI DEPARTMENT OF FINANCE, ABU DHABI U ARAB EMIRATES
Buyer DOOSAN HEAVY INDUSTRIES & CONSTRUCTION, SEOUL KOREA, REP OF
End-user SPV, ABU DHABI U ARAB EMIRATES
Exporter WESTINGHOUSE ELECTRIC CO LLC, MONROEVILLE PA
Exporter AMALE INTERNATIONAL INC, OAK RIDGE TN
Exporter ADDITIONAL EXPORTERS
Supplier WESTINGHOUSE ELECTRIC CO LLC, MONROEVILLE PA
Supplier AMALE INTERNATIONAL INC, OAK RIDGE TN
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr NONE

Project Name BARAKAH ONE COMPANY
Project Description NUCLEAR POWER PLANT
Product Description ENGINEERING, PUMPS I&C

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted
in favor of the referral.

ITEM NO 2
Country TURKEY AP087215XX
Request for FINAL COMMITMENT

Applicant UPS Capital Business Credit, Windsor CT
Borrower BIS ENERJI ELEKTRIK URETIM A S, BURSA TURKEY
Guarantor TURKIYE HALK BANKASI AS, ANKARA, TURKEY
Buyer BIS ENERJI ELEKTRIK URETIM A S, BURSA TURKEY
End-user BIS ENERJI ELEKTRIK URETIM A S, BURSA TURKEY
Exporter UPS Capital Business Credit, Windsor CT
Exporter GE PACKAGED POWER INC, HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier UPS Capital Business Credit, Windsor CT
Supplier WAHLCOMETROFLEX INC., LEWISTON ME
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr UPS Capital Business Credit, Windsor CT

Project Name BIS ENERJI
Project Description 76MW COMBINED CYCLE POWER PLANT
Product Description LM6000 GENERATOR SET
Financed Amount $ 66,318,936
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted in
favor of the transaction.

ITEM NO 3 Country Review
Request for changes to the Country Limitation Schedule (CLS) to be effective August 9, 2012.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney, Director Loui and Director Walther all voted in favor of the changes.