US Ex-Im strengthens India ties

Copying and distributing are prohibited without permission of the publisher

24 June 2009

US Ex-Im and the Federation of Indian Chambers of Commerce and Industry have signed a memorandum of understanding to expand trade.

The Export-Import Bank of the United States (US Ex-Im) and the Federation of Indian Chambers of Commerce and Industry (FICCI) have signed an agreement committing to work together to expand the trade relationship between their two countries.

US Ex-Im chairman and president Fred Hochberg and FICCI secretary general Dr Amit Mitra signed the Memorandum of Understanding (MoU) at a ceremony at US Ex-Im headquarters. Also attending the event were FICCI President...

To continue reading this article please subscribe or take a free trial to Trade Finance.

Already have an account?

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Free trial

Taking a free trial will give you access to the current issue for two weeks (excluding some surveys and articles). Start your free trial today.

Poll

Gazpromneft stunned the market this week when it was revealed pricing for their five-year $1 billion pre-export financing was rumoured to be just above 300 basis points over Libor. Is the deal likely to be a syndication success?

Yes - this seems like a sensible pricing benchmark, why not?

No - are you crazy? These prices are ridiculous. What were these banks thinking?

27%

Yes - but for all the wrong reasons. A lack of other deals in the market, and the promise of future business with Gazpromneft will make it hard to ignore but don’t expect many to take up big tickets with this deal. There are much better deals out there.

64%