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Summary/Agenda of the Meeting of the Board of Directors

Thursday, March 26, 2015
 
Completed

I. OPEN: NONE

II. CLOSED:
1. Minutes of March 12, 2015 Board Meeting to be approved

TRANSPORTATION DIVISION
2. COUNTRY: TURKEY - AP088941XX
FOREIGN BUYER: SPV/TURK HAVA YOLLARI
END USER: Turk Hava Yollari Anonim
PRODUCTS: Aircraft

3A. COUNTRY: VIET NAM - AP088920XX
FOREIGN BUYER: SPV/VIETNAM AIRLINES CORP.
END USER: VIETNAM AIRLINES CORP.
PRODUCTS: Aircraft

3B. COUNTRY: VIET NAM - AP088920XA
FOREIGN BUYER: SPV/VIETNAM AIRLINES CORP.
END USER: VIETNAM AIRLINES CORP.
PRODUCTS: Aircraft

3C. COUNTRY: VIET NAM - AP088920XB
FOREIGN BUYER: SPV/VIETNAM AIRLINES CORP.
END USER: VIETNAM AIRLINES CORP.
PRODUCTS: Aircraft

3D. COUNTRY: VIET NAM - PC088921XX
FOREIGN BUYER: SPV/VIETNAM AIRLINES CORP.
END USER: VIETNAM AIRLINES CORP.
PRODUCTS: Aircraft

TRADE FINANCE DIVISION
4. COUNTRY: GABON - AP088904XX
FOREIGN BUYER: Soci?t? d 'Exploitation du Transgabonias
PRODUCTS: Locomotives
TOTAL FINANCED AMOUNT: $10,757,989

5A. COUNTRY: MEXICO - FB 574586 (Renewal) Tracking No. 614843
OBLIGOR: Industrializadora de Mantecas, S.A. de C.V.
OBLIGOR: Industrializadora de Oleofinos, S.A. de C.V.
OBLIGOR: Industrial de Oleofinos, S.A. de C.V.
PRODUCTS: Bulk Agricultural Products
TOTAL EX-IM PRINCIPAL LIABILITY: $8,550,000

5B. COUNTRY: MEXICO - Tracking No. 611974
OBLIGOR: Industrializadora de Mantecas, S.A. de C.V.
OBLIGOR: Industrializadora de Oleofinos, S.A. de C.V.
OBLIGOR: Industrial de Oleofinos, S.A. de C.V.
PRODUCTS: Bulk Agricultural Products
TOTAL EX-IM PRINCIPAL LIABILITY: $4,750,000

5C. COUNTRY: MEXICO -Tracking No. 614160
OBLIGOR: Industrializadora de Mantecas, S.A. de C.V.
OBLIGOR: Industrializadora de Oleofinos, S.A. de C.V.
OBLIGOR: Industrial de Oleofinos, S.A. de C.V.
PRODUCTS: Bulk Agricultural Products
TOTAL EX-IM PRINCIPAL LIABILITY: $4,750,000

5D. COUNTRY: MEXICO - FB 581021 (Renewal) Tracking No. 615989
OBLIGOR: Industrializadora de Mantecas, S.A. de C.V.
OBLIGOR: Industrializadora de Oleofinos, S.A. de C.V.
OBLIGOR: Industrial de Oleofinos, S.A. de C.V.
PRODUCTS: Bulk Agricultural Products
TOTAL EX-IM PRINCIPAL LIABILITY: $2,850,000

5E. COUNTRY: MEXICO - FB 580636 (Renewal) Tracking No. 613258
OBLIGOR: Industrializadora de Mantecas, S.A. de C.V.
OBLIGOR: Industrializadora de Oleofinos, S.A. de C.V.
OBLIGOR: Industrial de Oleofinos, S.A. de C.V.
PRODUCTS: Bulk Agricultural Products
TOTAL EX-IM PRINCIPAL LIABILITY: $7,600,000

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 will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code. This meeting will be held at 9:30 AM on Thursday, March 26, 2015, at The Export-Import Bank of the United States, 811 Vermont Avenue, NW, Washington, DC.

Accordingly, such meeting may be closed to the public.  

Andrea Q. Bernardo
Assistant General Counsel

Date Posted: Friday, March 20, 2015

ITEM NO. 1 Minutes of March 12, 2015 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
Country TURKEY AP088941XX
Request for FINAL COMMITMENT

Applicant TURK HAVA YOLLARI ANONIM A S, Istanbul 34
Borrower SPV/TURK HAVA YOLLARI, Istanbul
Buyer SPV/TURK HAVA YOLLARI, Istanbul
End-user TURK HAVA YOLLARI ANONIM A S, Istanbul 34
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/TURK HAVA YOLLARI, Istanbul
Lessee TURK HAVA YOLLARI ANONIM A S, Istanbul 34
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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

ITEM NO 3A
Country VIET NAM AP088920XX
Request for FINAL COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr SVENSKA EXPORTKREDIT AB, Stockholm
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name VIETNAM AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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

ITEM NO 3B
Country VIET NAM AP088920XA
Request for FINAL COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter BOEING COMPANY, THE, Everett WA
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr TORONTO-DOMINION BANK, THE, Mount Laurel NJ
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name VIETNAM AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

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

ITEM NO 3C
Country VIET NAM AP088920XB
Request for FINAL COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi

Project Name VIETNAM AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 5 YEARS

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

ITEM NO 3D
Country VIET NAM PC088921XX
Request for PRELIMINARY COMMITMENT

Applicant VIETNAM AIRLINES CORPORATION, Hanoi
Borrower SPV/VIETNAM AIRLINES CORP., Hanoi
Buyer SPV/VIETNAM AIRLINES CORP., Hanoi
End-user VIETNAM AIRLINES CORPORATION, Hanoi
Exporter BOEING COMPANY, THE, Everett WA
Exporter GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Everett WA
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor SPV/VIETNAM AIRLINES CORP., Hanoi
Lessee VIETNAM AIRLINES CORPORATION, Hanoi
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN

Project Name VIETNAM AIRLINES
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 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 GABON AP088904XX
Request for FINAL COMMITMENT

Applicant ATRAFIN, LLC, Colchester CT
Borrower SOCIETE D'EXPLOITATION DU TRANSGABONAIS, Libreville -1
Guarantor COMPAGNIE MINIERE DE L'OGOOUE S.A., Moanda -2
Buyer SOCIETE D'EXPLOITATION DU TRANSGABONAIS, Libreville -1
End-user SOCIETE D'EXPLOITATION DU TRANSGABONAIS, Libreville -1
Exporter RAILSERVE, INC., Atlanta GA
Supplier RAILSERVE, INC., Atlanta GA
Gtd Lndr ATRAFIN, LLC, Colchester CT

Project Name NONE
Project Description RAILWAY TRANSPORTATION-LOCOMOTIVES
Product Description Dual LEAF SWITCHYARD LOCOMOTIVES
Financed Amount $ 10,757,989
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.

ITEM NO. 5A
Policy No.: FB-574586 Tracking No. 614843
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Policy Renewal
Policy Type: Financial Institution Buyer Credit

Insured: Intercam Banco, S.A., D.F., Mexico, Mexico
Buyer/Obligor: Industrializadora de Mantecas,S.A. de C.V.,Guadalajara, Mexico
Buyer/Obligor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Buyer/Obligor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Industrializadora de Mantecas, S.A.de C.V.,Guadalajara, Mexico
Guarantor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Oleoquimica Mexicana, S.A. de C.V., Guadalajara, Mexico
Exporters: Pasternak, Baum & Co., Harrison, NY
Exporters: Agri Trading Corp, Hutchinson, MN
Exporters: Archer Daniels Midland Company, Decatur, IL
Exporters: Gavilon Ingredients, LLC, Omaha, NE
Broker: Hefferan Insurance Brokers, Portland, OR
Product/Use: Bulk Agricultural Products
Ex-Im Liability (Millions) $5 - 20

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

ITEM NO. 5B Tracking No. 611974
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Approval
Policy Type: Financial Institution Buyer Credit

Insured: Banco De Sabadel, S.A., Miami, FL
Buyer/Obligor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Buyer/Obligor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Buyer/Obligor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Guarantor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Oleoquimica Mexicana, S.A. de C.V., Guadalajara, Mexico
Exporters: Gavilon Ingredients, LLC, Omaha, NE
Exporters: Agri Trading Corp, Hutchinson, MN
Broker: IRC Group, Columbus, OH
Product/Use: Bulk Agricultural Products
Ex-Im Liability (Millions ) $0 - 5

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

ITEM NO. 5C Tracking No. 614160
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Approval
Policy Type: Financial Institution Buyer Credit

Insured: Intl Fcstore, Inc., Miami, FL
Buyer/Obligor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Buyer/Obligor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Buyer/Obligor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Guarantor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Oleoquimica Mexicana, S.A. de C.V., Guadalajara, Mexico
Exporters: Pasternak, Baum & Co., Harrison, NY
Exporters: Cargill Americas, Inc. Coral Gables, FL
Exporters: Agri Trading Corp, Hutchinson, MN
Broker: Hefferan Insurance Brokers, Portland, OR
Product/Use: Bulk Agricultural Products
Ex-Im Liability (Millions ) $0 - 5

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

ITEM NO. 5D
Policy No.: FB-581021 Tracking No. 615989
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Policy Renewal
Policy Type: Financial Institution Buyer Credit

Insured: Espirito Santo Bank, Miami, FL
Buyer/Obligor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Buyer/Obligor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Buyer/Obligor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Guarantor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Oleoquimica Mexicana, S.A. de C.V., Guadalajara, Mexico
Exporters: Agri Trading Corp, Hutchinson, MN
Exporters: Gavilon Ingredients, LLC, Omaha, NE
Broker: Hefferan Insurance Brokers, Portland, OR
Product/Use: Bulk Agricultural Products
Ex-Im Liability (Millions ) $0 - 5

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

ITEM NO. 5E
Policy No.: FB-580636 Tracking No. 613258
Country: MEXICO Coverage Type/Term: Comprehensive/ST
Request For: Policy Renewal
Policy Type: Financial Institution Buyer Credit

Insured: Bac Florida Bank, Miami, FL
Buyer/Obligor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Buyer/Obligor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Buyer/Obligor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Industrializadora de Mantecas,S.A.de C.V., Guadalajara, Mexico
Guarantor: Industrializadora Oleofinos, S.A. de C.V., Zapopan, Mexico
Guarantor: Industrial de Oleaginosas, S.A. de C.V., Guadalajara, Mexico
Guarantor: Oleoquimica Mexicana, S.A. de C.V., Guadalajara, Mexico
Exporters: Various
Broker: Hefferan Insurance Brokers, Portland, OR
Product/Use: Bulk Agricultural Products
Ex-Im Liability (Millions) $5 - 20

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