Facebook pixel

Summary/Agenda of the Meeting of the Board of Directors

Thursday, November 6, 2014
 
Completed

I. OPEN: NONE

II. CLOSED:
1. Minutes of September 29, 2014 Board Meeting to be approved
2. Minutes of October 9, 2014 Board Meeting to be approved

TRANSPORTATION DIVISION

3. COUNTRY: CHINA - AP088819XX
FOREIGN BUYER: SPV/ICBC/Washington Aircraft 2 Co.
END USER: Xiamen Airlines Co., Ltd.
PRODUCTS: Aircraft

4. COUNTRY: MOROCCO - AP088896XX
FOREIGN BUYER: SPV/Royal Air Maroc
END USER: Royal Air Maroc
PRODUCTS: Aircraft

TRADE FINANCE DIVISION

5. COUNTRY: VIET NAM AP088627XX
FOREIGN BUYER: Cong Ly Construction
PRODUCTS: Wind Turbines
TOTAL FINANCED AMOUNT: $84,914,684

TRANSPORTATION DIVISION
6. COUNTRY: SOUTH AFRICA - AP088905XX
FOREIGN BUYER: SPV/Westdawn Investments PTY Limited
END USER: Westdawn Investments PTY Limited
PRODUCTS: Aircraft

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, November 6, 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: Friday, October 31, 2014

ITEM NO 1 Minutes of September 29, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 2 Minutes of October 9, 2014 Board Meeting for consideration and approval.
Board Decision: MINUTES APPROVED. Chairman Hochberg, Vice Chair Felton, Director Mulvaney and Director Loui all voted in favor of the minutes.

ITEM NO 3
Country CHINA AP088819XX
Request for FINAL COMMITMENT

Applicant ICBC FINANCIAL LEASING CO. LTD, Beijing CHINA (MAINLAND)
Borrower SPV/ICBC/WASHINGTON AIRCRAFT 2 CO., Dublin IRELAND
Buyer SPV/ICBC/WASHINGTON AIRCRAFT 2 CO., Dublin IRELAND
End-user XIAMEN AIRLINES CO. LTD, Xiamen 35 CHINA (MAINLAND)
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, North Charleston, SC
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington, DC
Gtd Lndr CITIBANK, N.A., New York NY
Lessor SPV/ICBC/WASHINGTON AIRCRAFT 2 CO., Dublin IRELAND
Lessee FTZ CO., Xiamen 35 CHINA (MAINLAND)

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

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

ITEM NO 4
Country MOROCCO AP088896XX
Request for FINAL COMMITMENT

Applicant ROYAL AIR MAROC, Casablanca
Borrower SPV/ROYAL AIR MAROC, Casablanca
Buyer SPV/ROYAL AIR MAROC, Casablanca
End-user ROYAL AIR MAROC, Casablanca
Exporter BOEING COMPANY, THE, Everett WA
Supplier GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr BNP PARIBAS, Paris 75
Lessor SPV/ROYAL AIR MAROC, Casablanca
Lessee ROYAL AIR MAROC, Casablanca

Project Name ROYAL AIR MAROC
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT

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

ITEM NO 5
Country VIET NAM AP088627XX
Request for FINAL COMMITMENT

Applicant VIET NAM DEVELOPMENT BANK, Hanoi VIET NAM
Borrower VIET NAM DEVELOPMENT BANK, Hanoi VIET NAM
Guarantor MINISTRY OF FINANCE OF THE SOCIALIST REP, Hanoi VIET NAM
Buyer CONG LY CONSTRUCTION , TRADING, AND TOURI, Ca Mau City 59
End-user CONG LY CONSTRUCTION , TRADING, AND TOURI, Ca Mau City 59
Exporter GENERAL ELECTRIC OIL & GAS, Schenectady NY
Supplier GENERAL ELECTRIC OIL & GAS, Schenectady NY
Gtd Lndr JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, New York NY
PSOR MINISTRY OF FINANCE OF THE SOCIALIST REP, Hanoi VIET NAM

Project Name NONE
Project Description PHASE II BAC LIEU 87MW WINDFARM
Product Description TURBINE AND TURBINE GENERATOR SET UNITS
Financed Amount $84,914,684
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.

ITEM NO 6
Country SOUTH AFRICA AP088905XX
Request for FINAL COMMITMENT

Applicant WESTDAWN INVESTMENTS PTY LIMITED, Midrand GS
Borrower SPV/WESTDAWN INVESTMENTS PTY LIMITED, Midrand EC
Buyer SPV/WESTDAWN INVESTMENTS PTY LIMITED, Midrand EC
End-user WESTDAWN INVESTMENTS PTY LIMITED, Midrand GS
Exporter GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Supplier GULFSTREAM AEROSPACE CORPORATION, Savannah GA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr APPLE BANK FOR SAVINGS, New York NY
Lessor SPV/WESTDAWN INVESTMENTS PTY LIMITED, Midrand EC
Lessee WESTDAWN INVESTMENTS PTY LIMITED, Midrand GS

Project Name GULFSTREAM G550 AIRCRAFT
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 7 YEARS

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