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COFACE operates differently, providing a guarantee to a commercial bank which then becomes the lender of record.
I am very grateful to Ex-Im Bank and COFACE and to our main suppliers Orbital and Arianespace for their support of this ground breaking transaction.
Ivonan ministers are in talks with Frances export credit guarantee service COFACE to allay some of those fears.
The loan is guaranteed by COFACE, the French Export Credit Agency, and Arianespace has been contracted by Hughes to launch Jupiter in the first half of 2012.
350 million will be financed through Export Credit Agencies (EDC of Canada and COFACE of France).
Export-Import Bank and through COFACE of France and HERMES of Germany, both export credit agencies.