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Summary/Agenda of the Meeting of the Board of Directors

Thursday, May 21, 2015
 
Completed

  1. OPEN: NONE
  2. CLOSED:

    1.         Minutes of May 7, 2015 Board Meeting to be approved             WITHDRAWN
     
    TRANSPORTATION DIVISION
    2.         COUNTRY:  CHINA – AP088968XX
    FOREIGN BUYER:  SPV/Hainan Airlines Co., Ltd
    END USER:  Hainan Airlines Co., Ltd
    PRODUCTS:  Aircraft

    3.         COUNTRY: LUXEMBOURG  AP088734XX
    FOREIGN BUYER:  SPV/Cargolux Airlines International, S.A.
    END-USER:  Cargolux Airlines International, S.A.
    PRODUCTS:  Aircraft
               
    4.         COUNTRY:  UNITED ARAB EMIRATES - AP088934XX
    FOREIGN BUYER:  SPV/Emirates Airlines
    END USER:  Emirates
    PRODUCTS:  Aircraft

    5A.      COUNTRY:  SOUTH AFRICA – AP085158XX (Conversion No. 4)
    FOREIGN BUYER:  SPC/Comair, Ltd.
    END USER:  Comair, Ltd
    PRODUCTS:  Aircraft

    5B.      COUNTRY:  SOUTH AFRICA – PC085158XX (Amendment)
    FOREIGN BUYER:  SPC/Comair, Ltd.
    END USER:  Comair, Ltd
    PRODUCTS:  Aircraft

    TRADE FINANCE DIVISION
    6.         COUNTRY: CHINA AP088839XX
    FOREIGN BUYER:  China National Technical Import & Export
    END USER:  International Tibetan Sheep Carpet Industries
    PRODUCTS:  Tufting Machines
    TOTAL FINANCED AMOUNT: $23,205,000

    STRUCTURED FINANCE DIVISION
    7A.      COUNTRY:  MEXICO - AP088969XX
    FOREIGN BUYER:  Pemex Exploracion y Produccion
    PRODUCTS:  Exploration Projects
    TOTAL FINANCED AMOUNT:  $200,000,000

    7B.      COUNTRY:  MEXICO - AP088970XX
    FOREIGN BUYER:  Pemex Exploracion y Produccion
    PRODUCTS:  Exploration Projects
    TOTAL FINANCED AMOUNT:  $1,300,000,000

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, May 21, 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:  May 15, 2015

 

 

Date Posted: Tuesday, May 19, 2015

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
MAY 21, 2015

ITEM NO 1  WITHDRAWN

ITEM NO 2
Country CHINA                                  AP088968XX
Request for FINAL COMMITMENT

Applicant    HAINAN AIRLINES CO., LTD., Haikou 46
Borrower     SPV/HAINAN AIRLINES CO. LTD., Hainan 570206
Buyer           SPV/HAINAN AIRLINES CO. LTD., Hainan 570206
End-user     HAINAN AIRLINES CO., LTD., Haikou 46
Exporter      BOEING COMPANY, THE, Renton WA
Supplier       BOEING COMPANY, THE, Renton WA
Supplier    VARIOUS US SMALL BUSINESSES, Washington DC
Supplier     CFM INTERNATIONAL INC, Cincinnati OH
Gtd Lndr       J.P. MORGAN CHASE BANK, N.A., New York NY
Lessor       SPV/HAINAN AIRLINES CO. LTD., Hainan 570206
Lessee       HAINAN AIRLINES CO., LTD., Haikou 46

Project Name HAINAN 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 3
Country LUXEMBOURG                             AP088734XX
Request for FINAL COMMITMENT

Applicant    CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler
Borrower    SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Buyer         SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
End-user     CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler
Exporter       BOEING COMPANY, THE, Seattle WA
Supplier       BOEING COMPANY, THE, Seattle WA
Supplier       VARIOUS US SMALL BUSINESSES, Washington DC
Supplier      GENERAL ELECTRIC AVIATION, Cincinnati OH
Gtd Lndr       VARIOUS CAPITAL MKT INVESTORS, Tbd NY
Lessor        SPV/CARGOLUX AIRLINES INTERNATIONAL SA, Luxembourg
Lessee        CARGOLUX AIRLINES INTERNATIONAL, S.A., Sandweiler

Project Name CARGOLUX AIRLINES INTL. S.A.
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 4
Country UNITED ARAB EMIRATES                   AP088934XX
Request for FINAL COMMITMENT

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

Project Name EMIRATES AIRLINES
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 5A
Country SOUTH AFRICA                               AP085158XX
Request for FINAL COMMITMENT                (Conversion No. 4)

Applicant    COMAIR LIMITED, Bonagro Park
Borrower     SPC/COMAIR LIMITED, Johannesburg, South Africa
Buyer         SPC/COMAIR LIMITED, Johannesburg, South Africa
End-user     COMAIR LIMITED, Bonagro Park, South Africa
Exporter    BOEING COMPANY, THE, Renton WA
Supplier    CFM INTERNATIONAL INC, Cincinnati OH
Supplier     VARIOUS US SMALL BUSINESSES, Washington DC
Supplier    BOEING COMPANY, THE, Renton WA
Gtd Lndr       NEDBANK CAPITAL, Sandton GS
Lessor       SPC/COMAIR LIMITED, Johannesburg, South Africa
Lessee      COMAIR LIMITED, Bonagro Park, South Africa

Project Name COMAIR
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 5B
Country SOUTH AFRICA                           PC085158XX
Request for AMENDMENT OF PRELIMINARY COMMITMENT

Applicant     COMAIR LIMITED, Bonagro Park
Borrower     SPC/COMAIR LIMITED, Johannesburg, South Africa
Buyer       SPC/COMAIR LIMITED, Johannesburg, South Africa
End-user       COMAIR LIMITED, Bonagro Park
Exporter      BOEING COMPANY, THE, Renton WA
Supplier      CFM INTERNATIONAL INC, Cincinnati OH
Supplier       VARIOUS US SMALL BUSINESSES, Washington DC
Supplier    BOEING COMPANY, THE, Renton WA
Gtd Lndr       FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor       SPC/COMAIR LIMITED, Johannesburg, South Africa
Lessee        COMAIR LIMITED, Bonagro Park

Project Name COMAIR
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 6
Country CHINA                                  AP088839XX
Request for FINAL COMMITMENT

Applicant    HSBC SECURITIES (USA) INC., New York NY
Borrower     EXPORT-IMPORT BANK OF CHINA, THE, Beijing 11
Guarantor    MINISTRY OF FINANCE OF THE PEOPLE'S REPU, Beijing 11
Buyer        CHINA NATIONAL TECHNICAL IMPORT & EXPORT, Beijing  100055
End-user    INTERNATIONAL TIBETAN SHEEP CARPET INDUS, Xining 63
Exporter      EKPAC CHINA INC., Washington DC
Supplier    EKPAC CHINA INC., Washington DC
Supplier     TUFTCO CORPORATION, Chattanooga TN
Gtd Lndr       HSBC BANK USA, N.A., New York NY

Project Name NONE
Project Description CARPET AND RUG MANUFACTURING
Product Description TUFTING MACHINES
Financed Amount $ 23,205,000
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 7A
Country MEXICO                                 AP088969XX
Request for FINAL COMMITMENT

Applicant    PETROLEOS MEXICANOS, Mexico City MEXICO
Borrower    PETROLEOS MEXICANOS, Mexico City MEXICO
Guarantor     PEMEX-REFINACION, MEXICO
Guarantor    PEMEX-GAS Y PETROQUIMICA BASICA, MEXICO
Guarantor     PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Buyer        PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
End-user     PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
Exporter      VARIOUS US SMALL BUSINESSES, Washington DC
Supplier      VARIOUS US SMALL BUSINESSES, Washington DC
Gtd Lndr       FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A

Project Name SBF
Project Description PEMEX OIL & GAS PRODUCTION
Product Description OIL & GAS FIELD MACHINERY & EQUIPMENT

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 7B
Country MEXICO                                 AP088970XX
Request for FINAL COMMITMENT

Applicant     PETROLEOS MEXICANOS, Mexico City MEXICO
Borrower      PETROLEOS MEXICANOS, Mexico City MEXICO
Guarantor     PEMEX-EXPLORACION Y PRODUCCION, MEXICO
Guarantor     PEMEX-REFINACION, MEXICO
Guarantor    PEMEX-GAS Y PETROQUIMICA BASICA, MEXICO
Buyer          PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
End-user     PEMEX-EXPLORACION Y PRODUCCION, Cd. Del Carmen AM
Exporter       VARIOUS US COMPANIES, Washington DC
Exporter    SOLAR TURBINES INTERNATIONAL COMPANY, San Diego CA
Exporter    ADDITIONAL EXPORTERS
Supplier     VARIOUS US COMPANIES, Washington DC
Supplier      SOLAR TURBINES INTERNATIONAL COMPANY, San Diego CA
Supplier    ADDIITONAL SUPPLIERS
Gtd Lndr    FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A

Project Name NONE
Project Description PEMEX OIL & GAS DEVELOPMENT
Product Description RIG AND PLATFORM RENTAL & SERVICE

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