Summary of the Meeting of the Board of Directors
Completed
II. CLOSED:
1. Minutes of September 18, 2014 Board Meeting to be approved
CREDIT POLICY COMMITTEE
2A. Country Review (CLS Cover Policy and Note Changes)
2B. Country Review (CLS Note #4 Recommendations)
TRADE FINANCE DIVISION
3. COUNTRY: CAMEROON - AP088240XX
FOREIGN BUYER: Ministry of Public Works of the Republic
PRODUCTS: 55 modular steel bridges and related installation
TOTAL FINANCED AMOUNT: $50,075,983
TRANSPORATION DIVISION
4A. COUNTRY: CHINA - AP088834XX
FOREIGN BUYER: China Eastern Airlines
PRODUCTS: Aircraft
4B. COUNTRY: CHINA - AP088834XA
FOREIGN BUYER: China Eastern Airlines
PRODUCTS: Aircraft
4C. COUNTRY: CHINA - AP088834XB
FOREIGN BUYER: China Eastern Airlines
PRODUCTS: Aircraft
Accordingly, such meeting may be closed to the public.
Andrea Q. Bernardo
Assistant General Counsel
ITEM NO. 1 Minutes of September 18, 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. 2A Country Review (CLS Cover Policy and Note Changes) for Grenada and South Sudan/
addition or removal of Note #10 in certain markets. Effective October 16, 2014.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney and Director Loui all voted in favor of the recommendation.
ITEM NO. 2B Country Review (CLS Note #4 Recommendations). Effective October 16, 2014.
Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney and Director Loui all voted in favor of the recommendation.
ITEM NO. 3
Country CAMEROON AP088240XX
Request for FINAL COMMITMENT
Applicant SOCIETE GENERALE S.A., New York NY
Borrower MINISTRY OF ECONOMY, PLANNING AND REGION, Yaounde CAMEROON
Guarantor NONE
Buyer MINISTRY OF PUBLIC WORKS OF THE REPUBLIC, Yaounde CAMEROON
End-user MINISTRY OF PUBLIC WORKS OF THE REPUBLIC, Yaounde CAMEROON
Exporter SOCIETE GENERALE S.A., New York NY
Exporter ACROW CORP OF AMERICA, Parsippany NJ
Supplier SOCIETE GENERALE S.A., New York NY
Supplier ACROW CORP OF AMERICA, Parsippany NJ
Gteed Lender SOCIETE GENERALE S.A., New York NY
Project Name NONE
Project Description MODULAR STEEL BRIDGE CONSTRUCTION
Product Description MODULAR STEEL BRIDGE COMPONENTS & ENGINEERING SERVICES
Financed Amount $ 50,075,983
Repayment Term 10 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. 4A
Country CHINA AP088834XX
Request for FINAL COMMITMENT
Applicant CHINA EASTERN AIRLINES CORP, Shanghai
Borrower SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Buyer SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
End-user CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Renton WA
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, Renton WA
Gteed Lender TORONTO-DOMINION BANK, THE, Toronto ON
Lessor SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Lessee CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name CHINA EASTERN 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 4B
Country CHINA AP088834XA
Request for FINAL COMMITMENT
Applicant CHINA EASTERN AIRLINES CORP, Shanghai
Borrower SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Buyer SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
End-user CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Renton WA
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, Renton WA
Gteed Lender HSBC USA, INC., New York NY
Lessor SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Lessee CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name CHINA EASTERN 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 4C
Country CHINA AP088834XB
Request for FINAL COMMITMENT
Applicant CHINA EASTERN AIRLINES CORP, Shanghai
Borrower SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Buyer SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
End-user CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Supplier BOEING COMPANY, THE, Everett WA
Supplier VARIOUS US SMALL BUSINESSES, Washington DC
Supplier CFM INTERNATIONAL INC, Cincinnati OH
Supplier GENERAL ELECTRIC AVIATION, Cincinnati OH
Supplier BOEING COMPANY, THE, Renton WA
Exporter BOEING COMPANY, THE, Everett WA
Exporter BOEING COMPANY, THE, Renton WA
Gteed Lender PRIVATE EXPORT FUNDING CORPORATION, New York NY
Lessor SPV/CHINA EASTERN AIRLINES CORPORATION L, Shanghai CHINA (MAINLAND)
Lessee CHINA EASTERN AIRLINES CORP, Shanghai CHINA (MAINLAND)
Cofin ECA NIPPON EXPORT AND INVESTMENT INSURANCE (NEXI), CHIYODA-KU JAPAN
Project Name CHINA EASTERN 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.