Venezuelan steel co EPSSN secures Hermes cover - 245624

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Venezuelan steel co EPSSN secures Hermes cover

Sunday, 15 Jan 2012

German export credit agency Euler Hermes has issued cover on a BBVA led loan to Venezuelan National Steel Company EPSSN.

BBVA is leading a syndicate of banks on a EUR 480 million. Euler Hermes backed loan facility for the Venezuelan National Steel Company to purchase German machinery for its new steel plant in the state of Bolivar.

(Sourced from www.tradefinancemagazine.com)

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