0003160 G.F. 316
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Government's Requirement
V.
Export Credits/Consortium Finance
Having regard to III(f) above:
(a) the amount should be a minimum of 60%
of the final contract price;
(b) Interest and charges should not exceed
6.5% p.a. all-in;
(c) the grace period should be at least
equal to the construction period for Stagos 1-4;
- 5-
Present Indications (as at 5th December 1973)
Japanese
56.3% of ceiling price
Yes
No
Anglo-Italian
H.K. Metro Constructors
Depends on contract price
Yes
No
Yes
Yes
Yes
(a) the repayment period should be at
least 12 years;
Yes
No
Yes
(e) the method of repayment should preferably
be on a Sinking Fund basis;
No
Negotiable
Negotiable
(f) capitalisation of interest:
(i) must be available over the full
grace period, and
Yes
Yes
Yes
(ii) should be at no higher interest
rate and no shorter repayment period than for the capital sum;
Yes
Yes
Yes
(g)
a Government guarantee must not be required.
Required
Not required
Not required
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