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Iron Ore Company of Canada – ECA credit
02 March 2011
An attractive import solution
This deal underlines one aspect of the new global economic reality. Not only are we seeing increased south-south trade, but also we are increasingly seeing trade finance techniques, previously predominantly used in emerging markets, used in developed countries.
This $52 million, 8.5-year transaction finances the purchase of seven SD70 Ace locomotives and various mining equipment for the Iron Ore Company of Canada, an affiliate of the...
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