Summary of the Meeting of the Board of Directors
January 10, 2013
December 31, 1969
OPEN: NONE
CLOSED:
Completed
Agenda
9:30 A.M.
I. NON-CLASSIFIED ITEMS:
OPEN: NONE
CLOSED:
1. Minutes of December 20, 2012 Board Meeting to be approved
2. Minutes of December 27, 2012 Board Meeting to be approved
TRADE FINANCE DIVISION
Congressional Review - Expiry Date: 12-25-12 / Public Notice Expiry Date: 12-10-12
3. COUNTRY: GHANA - AP087225XX
FOREIGN BUYER: Ministry of Health
PRODUCTS: Medical Equipment
See Item No. 3 on the 11-15-12 Agenda - Also see Addendum
TRANSPORATION DIVISION
4A. COUNTRY: KOREA - AP087595XX
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft
4B. COUNTRY: KOREA - AP087595XA
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft
4C. COUNTRY: KOREA - AP087595XB
FOREIGN BUYER: SPV/Korean Air Lines
END USER: Korean Air Lines Co., Ltd.
PRODUCTS: Aircraft
5A. COUNTRY: Chile - AP087730XX
FOREIGN BUYER: SPV/LATAM Airlines Group S.A. (LATAM)
END USER: LATAM Airlines Group, S.A.
PRODUCTS: Aircraft
5B. COUNTRY: Chile - AP087730XA
FOREIGN BUYER: SPV/LATAM Airlines Group S.A. (LATAM)
END USER: LATAM Airlines Group, S.A.
PRODUCTS: Aircraft
Certification for Closure of Meeting
I, Lisa V. Terry, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, January 10, 2013, 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
Summary of Minutes
ITEM NO 1 Minutes of December 20, 2012 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.
ITEM NO 2 Minutes of December 27, 2012 Board Meeting to be approved.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.
ITEM NO 3
Country GHANA AP087225XX
Request for FINAL COMMITMENT
Country GHANA AP087225XX
Request for FINAL COMMITMENT
ApplicantHSBC SECURITIES INC, NEW YORK NY
Borrower MINISTRY OF FINANCE & ECONOMIC PLANNING, ACCRA GHANA
GuarantorNONE
Buyer MINISTRY OF HEALTH, ACCRA GHANA
End-user MINISTRY OF HEALTH, ACCRA GHANA
Exporter AMERICARIBE INC, MIAMI FL
Supplier AMERICARIBE INC, MIAMI FL
Supplier GE HEALTHCARE, WAUKESHA WI
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr NONE
Borrower MINISTRY OF FINANCE & ECONOMIC PLANNING, ACCRA GHANA
GuarantorNONE
Buyer MINISTRY OF HEALTH, ACCRA GHANA
End-user MINISTRY OF HEALTH, ACCRA GHANA
Exporter AMERICARIBE INC, MIAMI FL
Supplier AMERICARIBE INC, MIAMI FL
Supplier GE HEALTHCARE, WAUKESHA WI
Supplier ADDITIONAL SUPPLIERS
Gteed Lndr NONE
Project Name RIDGE HOSPITAL
Project Description HOSPITAL PROJECT
Product Description MEDICAL EQUIPMENT (MRE,X-RAY)
Financed Amount $155,377,026
Repayment Term 10 YEARS
Project Description HOSPITAL PROJECT
Product Description MEDICAL EQUIPMENT (MRE,X-RAY)
Financed Amount $155,377,026
Repayment Term 10 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 4A
Country KOREA, SOUTH AP087595XX
Request for FINAL COMMITMENT
Country KOREA, SOUTH AP087595XX
Request for FINAL COMMITMENT
ApplicantKOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
BorrowerSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr CITIBANK N A, NEW YORK NY
Gteed Lndr BANK OF AMERICA, NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF
BorrowerSPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr CITIBANK N A, NEW YORK NY
Gteed Lndr BANK OF AMERICA, NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: Referred to US Congress and Public Notice. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.
ITEM NO 4B
Country KOREA, SOUTH AP087595XA
Request for FINAL COMMITMENT
Country KOREA, SOUTH AP087595XA
Request for FINAL COMMITMENT
Applicant KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr BNP-PARIBAS, NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr BNP-PARIBAS, NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: Referred to US Congress and Public Notice. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral. Vote of Director Louis not counted due to recusal obligation.
ITEM NO 4C
Country KOREA, SOUTH AP087595XB
Request for FINAL COMMITMENT
Country KOREA, SOUTH AP087595XB
Request for FINAL COMMITMENT
Applicant KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr CREDIT AGRICOLE, NEW YORK NY
Gteed Lndr GOLDMAN SACHS GROUP INC. (THE), NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF
Borrower SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Buyer SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
End-user KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Exporter BOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr CREDIT AGRICOLE, NEW YORK NY
Gteed Lndr GOLDMAN SACHS GROUP INC. (THE), NEW YORK NY
Lessor SPV/KOREAN AIR LINES, SEOUL KOREA, REP OF
Lessee KOREAN AIR LINES CO., LTD., SEOUL KOREA, REP OF
Cofin ECA EXPORT IMPORT BANK OF KOREA (KEXIM), SEOUL KOREA, REP OF
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision: Referred to US Congress and Public Notice. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.
ITEM NO 5A
Country CHILE AP087730XX
Request for FINAL COMMITMENT
Country CHILE AP087730XX
Request for FINAL COMMITMENT
ApplicantLATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
Borrower SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Buyer SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
End-user LATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Lessee LATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065 JAPAN
Borrower SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Buyer SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
End-user LATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
Exporter BOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
Lessee LATAM AIRLINES GROUP S.A. (LATAM), LAS CONDES, SANTIAGO CHILE
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065 JAPAN
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT