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Summary/Agenda of the Meeting of the Board of Directors

Thursday, June 25, 2015
 
Completed

I.    OPEN:  NONE

II.    CLOSED:

TRANSPORTATION DIVISION
1.  COUNTRY:  LUXEMBOURG  AP088734XX (Conversion No.  1)
FOREIGN BUYER:  SPV/Cargolux Airlines International, S.A.
END-USER:  Cargolux Airlines International, S.A.
PRODUCTS:  Aircraft

2.  COUNTRY:  UNITED ARAB EMIRATES - AP088934XX
FOREIGN BUYER:  SPV/Emirates Airlines
END USER:  Emirates Airlines
PRODUCTS:  Aircraft

3A. COUNTRY:  SOUTH AFRICA – AP085158XX (Conversion No.  4)
FOREIGN BUYER:  SPC/Comair, Ltd.
END USER:  Comair, Ltd
PRODUCTS:  Aircraft

3B.  COUNTRY:  SOUTH AFRICA – PC085158XX (Amendment)
FOREIGN BUYER:  SPC/Comair, Ltd.
END USER:  Comair, Ltd
PRODUCTS:  Aircraft

STRUCTURED FINANCE DIVISION
4A. COUNTRY:  MEXICO - AP088969XX
FOREIGN BUYER:  Petroleos Mexicanos
END USER:  Pemex Exploracion y Produccion
PRODUCTS:  Oil & Gas Field Machinery & Equipment
TOTAL FINANCED AMOUNT:  $200,000,000

4B.  COUNTRY:  MEXICO - AP088970XX
FOREIGN BUYER:  Petroleos Mexicanos
END USER:  Pemex Exploracion y Produccion
PRODUCTS:  Rig & Platform Rental & Services
TOTAL FINANCED AMOUNT:  $1,300,000,000

TRANSPORTATION DIVISION
5.  COUNTRY:  BANGLADESH – AP089020XX
FOREIGN BUYER:  SPV/Biman Bangladesh Airlines Limited
END-USER:  Biman Bangladesh Airlines 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 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, June 25, 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: Thursday, June 18, 2015

ITEM NO 1
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
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 2
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
Repayment Term 11 YEARS/3 MONTHS

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 SOUTH AFRICA                                AP085158XX (Conversion No. 4)
Request for FINAL 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, 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
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 3B
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
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 4A
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
Financed Amount $ 200,000,000
Repayment Term 10 YEARS

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

ITEM NO 4B
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
Financed Amount $ 1,300,000,000
Repayment Term 10 YEARS

Board Decision: TRANSACTION APPROVED. Chairman Hochberg, Vice Chair Felton, Director Loui all voted in favor of the transaction.  Director Mulvaney voted against.
 
ITEM NO 5
Country BANGLADESH                             AP089020XX
Request for FINAL COMMITMENT

Applicant    BIMAN BANGLADESH AIRLINES LIMITED, Dhaka 13
Borrower    SPV/BIMAN BANGLADESH AIRLINES LIMITED, Dhaka 13
Guarantor     GOVERNMENT OF BANGLADESH, Dhaka 13
Buyer      SPV/BIMAN BANGLADESH AIRLINES LIMITED, Dhaka 13
End-user    BIMAN BANGLADESH AIRLINES LIMITED, Dhaka 13
Exporter    BOEING COMPANY, THE, Renton WA
Supplier      VARIOUS US SMALL BUSINESSES, Washington DC
Supplier      CFM INTERNATIONAL INC, Cincinnati OH
Supplier    BOEING COMPANY, THE, Renton WA
Gtd Lndr   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, N/A
Lessor       SPV/BIMAN BANGLADESH AIRLINES LIMITED, Dhaka 13
Lessee        BIMAN BANGLADESH AIRLINES LIMITED, Dhaka 13

Project Name BIMAN BANGLADESH AIRLINES LTD
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.