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Summary/Agenda of the Meeting of the Board of Directors

Thursday, January 10, 2013
 
Completed

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: Friday, January 4, 2013


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.


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.

ITEM NO 3
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

Project Name RIDGE HOSPITAL
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

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

Project Name NONE
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

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

Project Name NONE
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

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

Project Name NONE
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

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

Project Name NONE
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 5B
Country CHILE AP087730XA
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-userTAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
ExporterBOEING COMPANY, THE, EVERETT WA
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
Supplier BOEING COMPANY, THE, EVERETT WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
LessorSPV/LATAM AIRLINES GROUP S.A., LAS CONDES, SANTIAGO CHILE
LesseeTAM LINHAS AEREAS S/A., SAO PAULO 04072-000 BRAZIL
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKYO 101-0065 JAPAN

Project Name NONE
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.