□ Korea Eximbank announced on May 10 that it received the title of "Trade Finance Deal of 2009" for support provided to Doosan Heavy Industry & Construction in its acquisition of turbine manufacturer Skoda Power.

□ The financing package of USD 200 million combines a USD 90 million export credit, provided by mandated lead arrangers and comprehensively guaranteed by KEXIM, and a direct loan of USD 110 million.

※ Scoda Power is a Czech maker of power plant equipment with a 150 year history. Scoda Power is one of only a handful of firms worldwide to possess proprietary technologies in the steam turbine field.

□ Trade Finance magazine stated, “The transaction received strong support from KEXIM, … even amidst one of the toughest market conditions while committed and experienced parties lead the deal. This cross border M&A, ECA-covered deal, which is highly complex and one of the first of its kind involving KEXIM-covered and KEXIM-funded facilities, also shows the forward looking nature of KEXIM.”

□ According to a representative of KEXIM, “KEXIM will actively support cross border M&As in the field of future growth engines, fundamental and core technologies, and green growth."