News | Board Minutes | 2002

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
MAY 16, 2002

ITEM NO 1	Ex-Im Bank Sub-Saharan Africa Advisory Committee for 2002
Board Decision: Appointed members of Ex-Im Advisory Committee.

ITEM NO 2
Country ETHIOPIA                               PC078022XX
Request for PRELIMINARY COMMITMENT
Applicant      ETHIOPIAN AIRLINES S C, ADDIS ABABA, ETHIOPIA
Borrower       SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Guarantor      NONE
Buyer          SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
End-user       ETHIOPIAN AIRLINES S C, ADDIS ABABA, ETHIOPIA
Exporter       BOEING COMPANY, THE*, SEATTLE WA
Supplier       BOEING COMPANY, THE*, SEATTLE WA
Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ
Lessor         SPV/ETHIOPIAN AIRLINES SC, ADDIS ABABA ETHIOPIA
Lessee         ETHIOPIAN AIRLINES S C, ADDIS ABABA, ETHIOPIA
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Ex-Im Bank Liability (Millions) USD 20+
PC Expiry Date 11/14/02
Board Decision APPROVED

ITEM NO 3
Country KOREA, REPUBLIC OF                     AP078249XX
Request for FINAL COMMITMENT
Applicant      ASIANA AIRLINES, SEOUL, KOREA, REP OF
Borrower       SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Guarantor      KOREA KUMHO PETROCHEMICAL CO., LTD., SEOUL KOREA, REP OF
Guarantor      KUMHO INDUSTRIAL CO., LTD, SEOUL KOREA, REP OF
Buyer          SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
End-user       ASIANA AIRLINES, SEOUL, KOREA, REP OF
Exporter       BOEING COMPANY, THE*, SEATTLE WA
Supplier       BOEING COMPANY, THE*, SEATTLE WA
Supplier       UNITED TECHNOLOGIES CORP, EAST HARTFORD CT
Gteed Lender   CITIBANK N A, CENTRAL DISTRICT, HONG KONG 1003 HONG KONG
Lessor         SPV/ASIANA AIRLINES, SEOUL KOREA, REP OF
Lessee         ASIANA AIRLINES, SEOUL, KOREA, REP OF
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Board Decision REFER TO US CONGRESS

For Information Only:  Resolution regarding 05-07-02 action by unanimous
written consent of Directors without a meeting - PEFCO Secured Note   Issues.
Board Decision: Approved