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VW Mexico – ECA financing
02 March 2011
Consolidating for efficiency
The signing of this $280 million buyer credit covered by German export credit agency Euler Hermes was a remarkable achievement given several factors that resulted in this transaction being highly structured. The end result was a tailor made facility that could be adapted to the needs of the client and to the underlying investment project – VW’s new assembly line for the Jetta in Mexico.
The first distinctive trait of the facility is that the underlying commercial transaction wasn’t formed by a single commercial contract – as...
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