EX-IM BANK APPROVES ICICI BANK FOR INDIAN INFRASTRUCTURE FACILITY
[2008-12-23 16:54:51]
Participating Indian financial institutions provide their guarantees to expedite processing of Ex-Im Bank-backed medium-term and long-term financing for Indian buyers of U.S. exports. Each financial institution has an underlying pre-approved credit line of $50 to $250 million, and one lender, Power Finance Co., has a pre-approved line of $800 million. Financing provided under the facility is denominated in U.S. dollars. Projects eligible for support include power and renewable energy generation, oil and gas development, small aircraft, airport development and health care.
Source: Export-Import Bank of the United States
Keywords:guarantee
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