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Girozentrale Dusseldorf Munster

Sector: Government • Location: Turkey

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA increased its coverage to Westdeutsche Landesbank Girozentrale Düsseldorf Münster (WestLB) of Germany for its shareholder loan to a branch in Turkey from $45 million to $72 million. The increased coverage was issued under MIGA's Cooperative Underwriting Program, together with the original three Lloyd's syndicates: M.D. Reith, Esq., and Others, Syndicate 861; M.E. Brockbank, Esq., and Others,

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Project Information

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The project “Girozentrale Dusseldorf Munster” is an infrastructure initiative in the Government sector, located in Turkey. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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Original status

not active

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Description

Description

MIGA increased its coverage to Westdeutsche Landesbank Girozentrale Düsseldorf Münster (WestLB) of Germany for its shareholder loan to a branch in Turkey from $45 million to $72 million. The increased coverage was issued under MIGA's Cooperative Underwriting Program, together with the original three Lloyd's syndicates: M.D. Reith, Esq., and Others, Syndicate 861; M.E. Brockbank, Esq., and Others, Syndicate 1209; and N.J. Metcalfe, Esq., and Others, Syndicate 588. MIGA's guarantee covers WestLB's investment against the risks of transfer restriction and expropriation. The increase in coverage will allow WestLB to continue expanding its banking activities in Turkey, thereby providing more financing to companies in the Turkish market, in particular for those involved in export-generating activities and infrastructure projects.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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