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Venezuelan state steel project secures Hermes cover
11 January 2012
German export credit agency Euler Hermes has issued cover on a BBVA-led loan to Venezuelan National Steel Company EPSSN.
Read more:
export credit agency
eca
Euler Hermes
EPSSN
Venezuela National Steel Company
BBVA
Societe Generale
KfW IPEX
SMS Siemag
BBVA is leading a syndicate of banks on a Eu480 million ($625 million), Euler Hermes-backed loan facility for the Venezuelan National Steel Company (EPSSN) to purchase German machinery for its new steel plant in the state of Bolivar. The...
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