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Summary/Agenda of the Meeting of the Board of Directors

Thursday, May 30, 2013
 
Completed

I. NON-CLASSIFIED ITEMS:

OPEN:

CLOSED:
1. Minutes of May 2, 2013 Board Meeting to be approved

STRUCTURED FINANCE DIVISION
Congressional Review - Expiry Date: 05-15-13
2. COUNTRY: HONG KONG - AP086677XX
FOREIGN BUYER: Asia Satellite Telecomm Co. Ltd.
PRODUCTS: GEO Satellite
See Item No. 4 on the 04-11-13 Agenda

TRANSPORTATION DIVISION
Congressional Review - Expiry Date: 05-29-13
3A. COUNTRY: MEXICO - AP087791XX
FOREIGN BUYER: SPV/Aerovias de Mexico, S.A. de C.V.
END USER: Aerovias de Mexico, S.A. de C.V.
PRODUCTS: Aircraft
See Item No. 2A on the 04-25-13 Agenda

Congressional Review - Expiry Date: 05-29-13
3B. COUNTRY: MEXICO - PC087967XX
FOREIGN BUYER: SPV/Aerovias de Mexico, S.A. de C.V.
END USER: Aerovias de Mexico, S.A. de C.V.
PRODUCTS: Aircraft
See Item No. 2B on the 04-25-13 Agenda

Congressional Review - Expiry Date: 05-29-13
3C. COUNTRY: MEXICO - PC087967XA
FOREIGN BUYER: SPV/Aerovias de Mexico, S.A. de C.V.
END USER: Aerovias de Mexico, S.A. de C.V.
PRODUCTS: Aircraft
See Item No. 2C on the 04-25-13 Agenda

Congressional Review - Expiry Date: 05-29-13
4. COUNTRY: KUWAIT - AP087858XX
FOREIGN BUYER: SPC/ALAFCO Aviation and Lease Finance Co
END-USER: Garuda Indonesia
PRODUCTS: Aircraft
See Item No. 3 on the 04-25-13 Agenda

Public Notice Expiry Date: 04-29-13
5A. COUNTRY: NORWAY - AP087223XX
FOREIGN BUYER: SPV/Norwegian Air Shuttle ASA
END USER: Norwegian Air Shuttle ASA
PRODUCTS: Aircraft

Public Notice Expiry Date: 04-29-13
5B. COUNTRY: NORWAY - AP087223XA
FOREIGN BUYER: SPV/Norwegian Air Shuttle ASA
END USER: Norwegian Air Shuttle ASA
PRODUCTS: Aircraft

TRADE FINANCE DIVISION
6. COUNTRY: NIGERIA - AP087598XX
FOREIGN BUYER: Michharry & Company (Nig) Limited
PRODUCTS: Oil and Gas Field Machinery and Equipment

CREDIT POLICY COMMITTEE
7. Country Review (CLS Cover Policy and Footnote Changes)

II. CLASSIFIED ITEMS: NONE

CERTIFICATION FOR CLOSURE OF MEETING

I, Andrea Q. Bernardo, Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM onThursday, May 30, 2013, in the Board Room will disclose information of the kind set forth in Subsection (4) and (9)(B) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Thursday, May 23, 2013

ITEM NO 1 Minutes of May 2, 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
Country HONG KONG AP086677XX
Request for FINAL COMMITMENT

ApplicantASIA SATELLITE TELECOMM CO. LTD., CAUSEWAY BAY HONG KONG
BorrowerASIA SATELLITE TELECOMM CO. LTD., CAUSEWAY BAY HONG KONG
Guarantor NONE
BuyerASIA SATELLITE TELECOMM CO. LTD., CAUSEWAY BAY HONG KONG
End-userASIA SATELLITE TELECOMM CO. LTD., CAUSEWAY BAY HONG KONG
ExporterSPACE SYSTEMS/LORAL INC, PALO ALTO CA
ExporterSPACE EXPLORATION TECH CORP, HAWTHRONE CA
ExporterMARSH USA INC, NEW YORK NY
SupplierSPACE SYSTEMS/LORAL INC, PALO ALTO CA
SupplierSPACE EXPLORATION TECH CORP, HAWTHRONE CA
SupplierMARSH USA INC, NEW YORK NYGteed Lender NONE
Gtd LndrNONE

Project Name ASIASAT 6 & ASIASAT 8
Project Description SATELLITE COMMUNICATION SERVICES
Product Description GEO SATELLITE
Financed Amount $343,292,904
Repayment Term 8 YEARS/6 MONTHS

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

ITEM NO 3A
Country MEXICO AP087791XX
Request for FINAL COMMITMENT

ApplicantAEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO
BorrowerSPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Buyer SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
End-user AEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO
Exporter BOEING COMPANY, THE, RENTON WA
SupplierCFM INTERNATIONAL INC, CINCINNATI OH
SupplierBOEING COMPANY, THE, RENTON WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lndr JPMORGAN CHASE BANK, N.A., NEW YORK NY
Gteed Lndr CITIBANK N A, NEW YORK NY
Lessor SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Lessee AEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO

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 MEXICO PC087967XX
Request for PRELIMINARY COMMITMENT

Applicant AEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO
BorrowerSPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Buyer SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
End-userAEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO
ExporterBOEING COMPANY, THE, RENTON WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
SupplierCFM INTERNATIONAL INC, CINCINNATI OH
SupplierBOEING COMPANY, THE, RENTON WA
Gteed Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Lessee AEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO

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 3C
Country MEXICO PC087967XA
Request for PRELIMINARY COMMITMENT

Applicant AEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO
Borrower SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Buyer SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
End-user AEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO
Exporter BOEING COMPANY, THE, EVERETT WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
SupplierBOEING COMPANY, THE, EVERETT WA
Supplier GENERAL ELECTRIC COMPANY, CINCINNATI OH
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/AEROVIAS DE MEXICO SA DE CV, MEXICO, DISTRITO F 06500 MEXICO
Lessee AEROVIAS DE MEXICO, S.A. DE C.V., MEXICO DF 06500 MEXICO
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI),CHIYODA-KU TOKOYO 101-0065 JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 24 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 4
Country KUWAIT AP087858XX
Request for FINAL COMMITMENT

ApplicantALAFCO AVIATION LEASE & FINANCE COMPANY, SAFAT KUWAIT
BorrowerSPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
Buyer SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
End-userGARUDA INDONESIA, P.T., JAKARTA PUSAT, JKT INDONESIA
ExporterBOEING COMPANY, THE, EVERETT WA
SupplierBOEING COMPANY, THE, EVERETT WA
SupplierVARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
SupplierGENERAL ELECTRIC COMPANY, CINCINNATI OH
Gtd Lndr DEUTSCHE BANK TR CO AMERICAS, NEW YORK NY
Lessor SPC/ALAFCO AVIATION AND LEASE FINANCE CO, SAFAT KUWAIT
Lessee ALAFCO AVIATION LEASE & FINANCE COMPANY, SAFAT KUWAIT
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI),3-8-1 NISHIKANDA, CHIYODA-KU TO JAPAN

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 5A
Country NORWAY AP087223XX
Request for FINAL COMMITMENT

ApplicantNORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY
Borrower SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
Buyer SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
End-userNORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY
ExporterBOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd LndrTORONTO-DOMINION BANK, THE, TORONTO, ONTARIO M5K 1A2 CANADA
Lessor SPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
Lessee NORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFERRED US Congress. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.

ITEM NO 5B
Country NORWAY AP087223XA
Request for FINAL COMMITMENT

ApplicantNORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY
BorrowerSPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
BuyerSPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
End-userNORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY
ExporterBOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
SupplierBOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gtd LndrFINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
LessorSPV/NORWEGIAN AIR SHUTTLE ASA, 1330 FORNEBU NORWAY
LesseeNORWEGIAN AIR SHUTTLE ASA, FORNEBU, AKERSHUS 1330 NORWAY

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

Board Decision: REFERRED US Congress. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the referral.

ITEM NO 6
Country NIGERIA AP087598XX
Request for FINAL COMMITMENT

ApplicantHSBC BANK PLC, LONDON, ENGLAND E14 5HQ UNITED KINGDOM
Borrower MICHHARRY & COMPANY (NIG) LIMITED, EDJEBA, WARRI, DELTA STATE NIGERIA
Guarantor DIAMOND BANK PLC, LAGOS, LAGOS STATE NIGERIA
Buyer MICHHARRY & COMPANY (NIG) LIMITED, EDJEBA, WARRI, DELTA STATE NIGERIA
End-userMICHHARRY & COMPANY (NIG) LIMITED, EDJEBA, WARRI, DELTA STATE NIGERIA
Exporter OFFSHORE MARINE SERVICES INC., CUT OFF LA
SupplierOFFSHORE MARINE SERVICES INC., CUT OFF LA
Gtd LndrHSBC BANK PLC, LONDON, ENGLAND E14 5HQ UNITED KINGDOM

Project Name NONE
Project Description ENGINEERING & OIL FIELD SERVICES
Product Description OIL AND GAS FIELD MACHINERY AND EQUIPMENT
Financed Amount $ 19,851,920
Repayment Term 4 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 7
Country Review - Request for changes to the Country Limitation Schedule to be effective June 6, 2013.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the changes.