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Ex-Im Bank Asked to Finance Exports to China, Mexico

Tuesday, June 25, 2013
Sandler, Travis & Rosenberg Trade Report

The Export-Import Bank of the United States has received an application for a $63 million loan guarantee to support the export of approximately $74 million in U.S. semiconductor manufacturing equipment to a dedicated foundry in China. The U.S. exports will enable the foundry to increase existing 300mm (non-DRAM) production capacity of logic semiconductors by approximately 9,000 wafers per month, and available information indicates that this new production will be consumed globally. Interested parties may submit comments no later than July 5.

The Ex-Im Bank has also received an application for final commitment for a long-term loan or financial guarantee that will enable Petroleos Mexicanos to finance the purchase of U.S. drilling rigs, platform rentals, compressors, oil field services and related equipment, which will be used in Pemex’s onshore and offshore oil and gas exploration and production areas. The items being exported are not expected to produce exports or provide services in competition with the exportation of goods or provision of services by a U.S. industry. Comments on this application are due no later than July 22.

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