Global Trade Alert
Global Trade Alert

Italy: SACE approves loan guarantee to support Prysmian's exports

Announcement

01 Jul 2020

In July 2020, the Italian Eximbank SACE announced approving a loan guarantee to National Grid North America in order to support the financing of the work and exports of the Italian company Prysmian S.p.A., which is building an underwater electrical interconnection between the UK and Denmark.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jul 2020

Revocation date:

No revocation date

Updated: 01 Jul 2020
Trade finance In force

On 1 July 2020, the Italian Eximbank SACE announced guaranteeing 90% of a USD 488 million loan (approx. USD 429 million) granted to National Grid North America, a company of the National Grid Group...

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