Summary of the Meeting of the Board of Directors
Completed
I. NON-CLASSIFIED ITEMS:
OPEN: NONE
CLOSED:
1. Minutes of February 14, 2013 Board Meeting to be approved
2. Minutes of February 19, 2013 Board Meeting to be approved
TRANSPORTATION DIVISION
Congressional Review Expiry Date:03-20-13/Public Notice Expiry Date: 03-04-13
3A. COUNTRY: ISRAEL - AP086911XX
BUYER: SPV/El Al Israel Airlines
END-USER: El Al Israel Airlines
PRODUCTS: Aircraft
Congressional Review Expiry Date:03-20-13/Public Notice Expiry Date: 03-04-13
3B. COUNTRY: ISRAEL - AP087599XX
BUYER: SPV/El Al Israel Airlines
END-USER: El Al Israel Airlines
PRODUCTS: Aircraft
TRADE FINANCE DIVISION
4. COUNTRY: TURKEY - ELC -120766 / Tracking No. 558122
OBLIGOR: Finansbank
END USER: Various Turkish End-Users
PRODUCTS: Soybeans and Other Agri-Products
STRUCTURED FINANCE DIVISION
5. COUNTRY: UNITED ARAB EMIRATES - AP085996XX
FOREIGN BUYER: Emirates Aluminum Co. Ltd. PJSC
PRODUCTS: Steam Turbine Generator Set
II. CLASSIFIED ITEMS: NONE
I, Inci Tonguch-Murray, 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, March 21, 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.
Inci Tonguch-Murray
Assistant General Counsel (Acting)
ITEM NO 1 Minutes of February 14, 2013 Board Meeting for consideration and approval.
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 February 19, 2013 Board Meeting for consideration and approval.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the minutes.
ITEM NO 3A
Country ISRAEL AP086911XX
Request for FINAL COMMITMENT
Applicant EL AL ISRAEL AIRLINES LTD, TEL AVIV ISRAEL
BorrowerSPV/EL AL ISRAEL AIRLINES, TEL AVIV ISRAEL
Buyer SPV/EL AL ISRAEL AIRLINES, TEL AVIV ISRAEL
End-userEL AL ISRAEL AIRLINES LTD, TEL AVIV ISRAEL
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 LndrFINANCIAL INSTITUTION ACCEPTABLE TO EXIM, UNKNOWN
Lessor SPV/EL AL ISRAEL AIRLINES, TEL AVIV ISRAEL
Lessee EL AL ISRAEL AIRLINES LTD, TEL AVIV ISRAEL
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
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 3B
Country ISRAEL AP087599XX
Request for FINAL COMMITMENT
Applicant EL AL ISRAEL AIRLINES LTD, TEL AVIV ISRAEL
Borrower SPV/EL AL ISRAEL AIRLINES, TEL AVIV ISRAEL
BuyerSPV/EL AL ISRAEL AIRLINES, TEL AVIV ISRAEL
End-user EL AL ISRAEL AIRLINES LTD, TEL AVIV ISRAEL
Exporter BOEING COMPANY, THE, RENTON WA
SupplierBOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed LndrFINANCIAL INSTITUTION ACCEPTABLE TO EXIM, UNKNOWN
Lessor SPV/EL AL ISRAEL AIRLINES, TEL AVIV ISRAEL
Lessee EL AL ISRAEL AIRLINES LTD, TEL AVIV ISRAEL
Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
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 4
Country TURKEYPolicy No. ELC-120766
Request for Issuing Bank Credit LimitsTracking No. 558122
Policy Type Bank Letter of CreditCoverage Type/Term Comprehensive/ST
Insured CoBank Acb, Denver Colorado
Obligors Finansbank, S.A., Istanbul, Turkey
End User Various Turkish End-Users
BuyerBunge, S.A., Geneva, Switzerland
GuarantorNone
Exporter Bunge Global Markets, Inc., White Plains, NY
BrokerExport Insurance Agency, Inc., Walpole MA
Product/Use Soybeans and Other Agri-Products
Ex-Im Bank Liability (Millions) $20+
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transaction.
ITEM NO 5
Country UNITED ARAB EMIRATES AP085996XX
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
GuarantorNONE
Buyer EMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
End-userEMIRATES ALUMINUM COMPANY LIMITED PJSC, ABU DHABI U ARAB EMIRATES
Exporter GENERAL ELECTRIC COMPANY INC, SCHENECTADY NY
Supplier GENERAL ELECTRIC COMPANY INC, SCHENECTADY NY
Supplier GENERAL ELECTRIC COMPANY, GREENVILLE SC
Gted LndrNONE
Project Name EMAL PHASE 2
Project Description ALUMINUM SMELTER - POWER PLANT EXPANSION
Product Description STEAM TURBINE GENERATOR SET
Board Decision: REFERRED US Congress and Public Notice. Chairman Hochberg, Vice Chair Felton, Director Loui and Director Walther all voted in favor of the referral. Director Mulvaney voted against.