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Summary/Agenda of the Meeting of the Board of Directors

Thursday, July 31, 2014
 
Completed

I. OPEN: NONE

II. CLOSED:
TRANSPORTATION DIVISION
1. COUNTRY: SOUTH AFRICA - AP088827XX
FOREIGN BUYER: SPV / TRANSNET SOC Limited
END USER: TRANSNET SOC Limited
PRODUCTS: Diesel Locomotives
TOTAL FINANCED AMOUNT: $563,455,622

2. COUNTRY: CHINA - AP088793XX
FOREIGN BUYER: SPV/Air China
END-USER: Air China Limited
PRODUCTS: Aircraft

TRADE FINANCE DIVISION
3. COUNTRY: NIGERIA - AP088502XX
FOREIGN BUYER: Michharry & Company (Nig) Limited
PRODUCTS: Lift Boat
TOTAL FINANCED AMOUNT: $43,490,923

4. COUNTRY: TOGO - AP088709XX
FOREIGN BUYER: Hyundai Engineering & Construction Co.
END USER: Azito Energie S.A.
PRODUCTS: Steam Turbines
TOTAL FINANCED AMOUNT: $16,612,844

STRUCTURED FINANCE DIVISION
5. COUNTRY: TURKEY - AP088461XX
FOREIGN BUYER: Delta Enerji Uretim Ve Ticaret A.S.
PRODUCTS: Gas Turbine Generator
TOTAL FINANCED AMOUNT: $71,556,464

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 10:45 AM on Thursday, July 31, 2014, 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, July 24, 2014

ITEM NO 1
Country SOUTH AFRICA AP088827XX
Request for FINAL COMMITMENT

Applicant TRANSNET LIMITED, Johannesburg South Africa
Borrower SPV/TRANSNET LIMITED, N/A South Africa
Guarantor TRANSNET LIMITED, Johannesburg South Africa
Buyer TRANSNET LIMITED, Johannesburg South Africa
End-user TRANSNET LIMITED, Johannesburg South Africa
Exporter GE TRANSPORTATION, Erie PA
Supplier VARIOUS US COMPANIES, Washington DC
Supplier GE TRANSPORTATION, Erie PA
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A

Project Name NONE
Project Description RAILROAD TRANSPORTATION LOCOMOTIVES
Product Description DIESEL LOCOMOTIVES
Repayment Term 14 YEARS

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

ITEM NO 2
Country CHINA AP088793XX
Request for FINAL COMMITMENT

Applicant AIR CHINA LIMITED, Beijing (China) Mainland)
Borrower SPV/AIR CHINA, Beijing 100621(China) Mainland)
Buyer SPV/AIR CHINA, Beijing 100621(China) Mainland)
End-user AIR CHINA LIMITED, Beijing (China) Mainland)
Exporter BOEING COMPANY, THE, Renton WA
Exporter BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier ADDITIONAL SUPPLIERS
Gtd Lndr PRIVATE EXPORT FUNDING CORPORATION, New York NY
Lessor SPV/AIR CHINA, Beijing 100621
Lessee AIR CHINA LIMITED, Beijing 11
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description Aircraft

Board Decision: TRANSACTION REFERED TO CONGRESS. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the referral.

ITEM NO 3
Country NIGERIA AP088502XX
Request for FINAL COMMITMENT

Applicant HSBC BANK PLC, London ND
Borrower MICHHARRY & COMPANY (NIG) LIMITED, Edjeba, Warri, Delta State
Guarantor DIAMOND BANK LIMITED, Lagos
Buyer MICHHARRY & COMPANY (NIG) LIMITED, Edjeba, Warri, Delta State
End-user MICHHARRY & COMPANY (NIG) LIMITED, Edjeba, Warri, Delta State
Exporter CS LIFTBOATS, INC, Abbeville LA
Exporter HSBC USA, INC., New York NY
Supplier CS LIFTBOATS, INC, Abbeville LA
Supplier HSBC USA, INC., New York NY
Gtd Lndr HSBC USA, INC., New York NY

Project Name NONE
Project Description ENGINEERING AND OIL FIELD SERVICES
Product Description LIFT BOAT
Financed Amount $ 43,490,923
Repayment Term 4 YEARS

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

ITEM NO 4
Country TOGO AP088709XX
Request for FINAL COMMITMENT

Applicant BANQUE OUEST AFRICAN DE DEVELOPMNT, Lom?
Borrower BANQUE OUEST AFRICAN DE DEVELOPMNT, Lom?
Guarantor NONE
Buyer HYUNDAI ENGINEERING & CONSTRUCTION CO.,, Seoul
End-user AZITO ENERGIE S.A., Abidjan Dedex 01
Exporter GENERAL ELECTRIC INTERNATIONAL, INC., Schenectady NY
Supplier GENERAL ELECTRIC INTERNATIONAL, INC., Schenectady NY
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A

Project Name NONE
Project Description AZITO 420MW COMBINED CYCLE PWR PLT EXP
Product Description TURBINE AND TURBINE GENERATOR SET UNITS
Financed Amount $ 16,612,844
Repayment Term 10 YEARS

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

ITEM NO 5
Country TURKEY AP088461XX
Request for FINAL COMMITMENT

Applicant DELTA ENERJI URETIM VE TICARET A.S., Istanbul 34696
Borrower DELTA ENERJI URETIM VE TICARET A.S., Istanbul 34696
Guarantor PALMET ENERJI A.S., Istanbul 34696
Buyer DELTA ENERJI URETIM VE TICARET A.S., Istanbul 34696
End-user DELTA ENERJI URETIM VE TICARET A.S., Istanbul 34696
Supplier GE PACKAGED POWER INC., Houston TX
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier VARIOUS US COMPANIES, Fairfax VA
Gtd Lndr JPMORGAN CHASE BANK, NATIONAL ASSOCIATIO, New York NY
Cofin ECA EXPORT GUARANTEE AND INSURANCE COPORATION, CZECH REPUBLIC
Cofin ECA EXPORT DEVELOPMENT CANADA, CANADA

Project Name DELTA ENERJI EXPANSION
Project Description 124MW GAS TURBINE POWER PLANT EXPANSION
Product Description GAS TURBINE GENERATOR
Financed Amount $ 43,280,624
Repayment Term 12 YEARS

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