[Federal Register Volume 88, Number 136 (Tuesday, July 18, 2023)]
[Notices]
[Page 45902]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15096]


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EXPORT-IMPORT BANK

[Public Notice: EIB-2023-0006]


Receipt of Request To Increase the Amount of the Long-Term 
General Guarantee on the Interest of Secured Notes Issued by the 
Private Export Funding Corporation (PEFCO)

AGENCY: Export-Import Bank of the United States.

ACTION: Notice.

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SUMMARY: This Notice is to inform the public that Export-Import Bank of 
the United States (``EXIM'') is expected to consider one or more 
requests to increase the amount of the long-term general guarantee on 
the interest of Secured Notes issued by the Private Export Funding 
Corporation (PEFCO). Comments received within the comment period 
specified below will be presented to the EXIM Board of Directors prior 
to any final action during the fiscal year ending on September 30, 
2023.

DATES: Comments must be received on or before August 14, 2023 to be 
assured of consideration before any final decision on one or more 
additional guarantees during the course of fiscal year 2023.

ADDRESSES: Comments may be submitted through Regulations.gov at 
WWW.REGULATIONS.GOV. To submit a comment, enter EIB-2023-0006 under the 
heading ``Enter Keyword or ID'' and select Search. Follow the 
instructions provided at the Submit a Comment screen. Please include 
your name, company name (if any), and EIB-2023-0006 on any attached 
document.

SUPPLEMENTARY INFORMATION:

Reference: AP003048AA

    Brief Description of Nature and Purpose of the Facility: EXIM may 
consider one or more general guarantees on the interest of Secured 
Notes issued by the Private Export Funding Corporation (PEFCO), in 
accordance with both the Guarantee and Credit Agreement, as Amended, 
and the Guarantee Agreement between EXIM and PEFCO. The purpose of the 
guarantees of interest on the Secured Notes is to facilitate private 
funding from the U.S. capital markets for EXIM-guaranteed export 
finance transactions.
    Total Amount of Guarantees: The exact number is not determinable 
due to market-determined pricing and uncertainty as to the amount and 
timing of Secured Notes to be issued; however, it could potentially be 
in excess of $100 million for Secured Notes issued during the course of 
fiscal year 2023.
    Reasons for the Facility and Methods of Operation: The general 
guarantee serves to guarantee interest on PEFCO's issuance of Secured 
Notes. The principal amount of the Secured Notes is secured by a 
collateral pool of U.S. government-risk debt and securities, including 
EXIM-guaranteed loans. The proceeds from the Secured Notes are used to 
fund additional EXIM-guaranteed loans and provide a liquid secondary 
market for EXIM-guaranteed loans.
    Party Requesting Guarantee: Private Export Funding Corporation 
(PEFCO)
    Information on Decision: Information on the final decision for this 
transaction will be available in the ``Summary Minutes of Meetings of 
Board of Directors'' on https://www.exim.gov/news/meeting-minutes.

Joyce B. Stone,
Assistant Corporate Secretary.
[FR Doc. 2023-15096 Filed 7-17-23; 8:45 am]
BILLING CODE 6690-01-P