Facebook pixel

Summary/Agenda of the Meeting of the Board of Directors

Thursday, June 20, 2013
 
Completed

I. NON-CLASSIFIED ITEMS:

OPEN: NONE

CLOSED:
1. Minutes of May 16, 2013 Board Meeting to be approved
2. Minutes of May 30, 2013 Board Meeting to be approved

TRANSPORTATION DIVISION
Congressional Review - Expiry Date: 06-19-13
3. COUNTRY: CHINA - AP087801XX
FOREIGN BUYER: SPV/ Air China
END USER: Air China Limited
PRODUCTS: Aircraft

Congressional Review - Expiry Date: 06-19-13
4. COUNTRY: ETHIOPIA - AP087872XX
FOREIGN BUYER: SPV/ Ethiopian Airlines SC
END USER: Ethiopian Airlines Enterprise SC
PRODUCTS: Aircraft

TRADE FINANCE DIVISION
5. COUNTRY: CHINA - AP087932XX
FOREIGN BUYER: CITIC International Tendering Co.
PRODUCTS: Farm Machinery and Equipment Manufacturer
TOTAL FINANCED AMOUNT: $18,179,979

TRANSPORTATION PORTFOLIO MANAGEMENT DIVISION
6. Proposed Sale of Aircraft and Assumption of the Associated Debt

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 on Thursday, June 20, 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.

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Thursday, June 13, 2013

ITEM NO 1 Minutes of May 16, 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 May 30, 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 3
Country CHINA AP087801XX
Request for FINAL COMMITMENT

ApplicantAIR CHINA LIMITED, BEIJING CHINA(MAINLAND)
BorrowerSPV/AIR CHINA, BEIJING 100621 CHINA(MAINLAND)
Buyer SPV/AIR CHINA, BEIJING 100621 CHINA(MAINLAND)
End-userAIR CHINA LIMITED, BEIJING CHINA(MAINLAND)
Exporter BOEING COMPANY, THE, EVERETT WA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier BOEING COMPANY, THE, EVERETT WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier ADDITIONAL SUPPLIERS
Gtd LndrTORONTO-DOMINION BANK, THE, TORONTO, ONTARIO M5K 1A CANADA
Gtd LndrCITIBANK N A, NEW YORK NY
Lessor SPV/AIR CHINA, BEIJING 100621 CHINA(MAINLAND)
Lessee AIR CHINA LIMITED, BEIJING CHINA(MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 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 4
Country ETHIOPIA AP087872XX
Request for FINAL COMMITMENT

ApplicantETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
BorrowerSPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
BuyerSPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
End-userETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
ExporterBOEING COMPANY, THE, EVERETT WA
Supplier SEE PARTICIPANT ATTACHMENT
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Lessee ETHIOPIAN AIRLINES ENTERPRISE SC, ADDIS ABABA, ETHIOPIA
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU TOKYO 101-0065 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 5
Country CHINA AP087932XX
Request for FINAL COMMITMENT

ApplicantHSBC USA INC., NEW YORK NY
BorrowerEXPORT IMPORT BANK OF CHINA, XICHENG, BEIJING 100031 CHINA(MAINLAND)
Guarantor MINISTRY OF FINANCE, CHINA, BEIJING 100820 CHINA(MAINLAND)
BuyerCITIC INTERNATIONAL TENDERING CO., BEIJING CHINA(MAINLAND)
End-userBEIDAHUANG GROUP, HARBIN CHINA(MAINLAND)
ExporterEKPAC CHINA INC, ARLINGTON VA
SupplierDEERE & COMPANY, MOLINE IL
SupplierEKPAC CHINA INC, ARLINGTON VA
SupplierADDITIONAL SUPPLIERS
Gtd LndrHSBC USA INC., NEW YORK NY

Project Name NONE
Project Description AGRICULTURE EQUIPMENT
Product Description FARM MACHINERY AND EQUIPMENT MANUFACTURER
Financed Amount $18,179,979
Repayment Term 7 YEARS

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 6 Proposed Sale of Aircraft and Assumption of the Associated Debt
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney, Director Loui and Director Walther all voted in favor of the transfer.