Ex-Im Bank Plans $2B Financing For S. African Renewables

Law360, New York (August 6, 2012, 6:23 PM EDT) -- The Export-Import Bank of the United States on Tuesday will offer up to $2 billion in loans to South Africa's fast-developing energy sector, earmarked for renewable energy projects that involve U.S. companies, a bank spokesperson confirmed Monday.

Renewables-based projects in South Africa — Africa's largest economy — are the target of the loan pool, which is meant to give U.S. export sales a boost by rewarding the companies behind development abroad with low-interest loans to back their work.

The loans would allow U.S. companies to cash...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.