ECGD, the UK export credit agency, has supported its first export deal under the new Bond Support Scheme.
The scheme has supported Glasgow-based CLYDEUNION Pumps' $15m deal to provide safety pumps to China. The deal was taken forward during the Prime Minister's trade visit to China in November 2010.
ECGD's support for the company, which employs more than 900 people in Scotland and Yorkshire and more than 2,000 worldwide, was arranged through HSBC.
Note to editors
For more details see http://www.clydeunion.com/nuclear-win-clydeunion-pumps (CLYDEUNION Pumps release).
ECGD, the Export Credits Guarantee Department, is the UK export credit agency. ECGD works with exporters, project sponsors, banks and buyers to help UK exporters by providing insurance against non-payment risks to UK exporters and guarantees for bank loans to facilitate the arranging of finance to buyers of UK goods. It also provides insurance against political risks to UK investors in overseas markets.
Media enquiries for ECGD to Steve Roberts-Mee on 020 7512 7319.
Phone: For enquiries please contact the issuing dept