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Paris, November 6, 2009-Alcatel-Lucent (Euronext Paris and NYSE: ALU)
announced today it had signed an agreement with the Belgian public export
credit insurer (ONDD) to support the export business of Alcatel-Lucent
worldwide.
Under this agreement ONDD will provide insurance for third party financing
for the purchase of Alcatel-Lucent telecommunications equipment by service
providers worldwide.
“This agreement demonstrates ONDD's commitment to supporting Alcatel-Lucent
export transactions worldwide, in recognition and support of the critical role
Alcatel-Lucent’s Belgian operations play as a centre of expertise in R&D,
export and project management for the company. This is an important milestone
in our ongoing long lasting relationship with Alcatel-Lucent,” said Stefaan Van
Boxstael, Deputy Head of Underwriting from ONDD. “This agreement with ONDD
allows Alcatel-Lucent to provide financing to its customers for contracts with
sourcing on a global level involving technologies in the fields of optics,
access, mobile, IP and applications and creates new ways for Alcatel-Lucent to
meet customer requirements for worldwide sourcing.”
As a first result of this agreement, Société Générale Corporate &
Investment Banking has arranged an ONDD-backed loan facility in favour of Turk
Telekom, to finance various contracts between Turk Telekom and Alcatel-Lucent
for a global amount of EUR 46 million. In line with Organization of
Economic Co-operation and Development (OECD) regulations, part of the local
services was also integrated in this financing.
The loan facility could be extended to support additional new contracts
between Turk Telekom and Alcatel-Lucent. The buyer’s credit will be
applied to the full foreign portion, on a global level, of contracts concluded
between Alcatel-Lucent Teletas (Turkey) and Turk Telekom for technologies
sourced from different Alcatel-Lucent entities around the world.
“Our overall agreement with ONDD, as demonstrated by this first transaction
with Turk Telekom, provides a powerful tool for Alcatel-Lucent to help its
customers meet their financing needs,” said Paul Tufano Alcatel-Lucent’s CFO.
“A number of other new opportunities have already been identified,
and our agreement with ONDD will provide Alcatel-Lucent with further
flexibility regarding its project financing needs around the world.”
About ONDD
ONDD, the Office National Du Ducroire | Nationale Delcrederedienst, is
Belgium's public export credit insurer, specializing in commercial and
political risk insurance, guaranteed by the state.
As an integral part of the economic and export-oriented policy on Belgium's
international trade, ONDD primarily provides cover against credit and political
risks to support Belgian exports and outward investments where private sector
risk cover is unavailable, due to the risk profile of these activities.
Such covers have clear economic importance in Belgium, since exports of
goods and services contribute more than 80% of GDP.
ONDD is allocated a ‘AA+’ rating by Standard & Poor’s. For more
information, please visit  www.ondd.be.
About Société Générale Corporate & Investment Banking
At the core of Societe Generale's universal banking business model, the
Corporate & Investment Bank is a well-diversified and leading player with
12 000 professionals present in over 40 countries across Europe, the Americas
and Asia-Pacific.
Standing by its clients across sectors, the Corporate & Investment Bank
tailors solutions for them by capitalising on its worldwide expertise in
investment banking,globalfinance, and global markets.
For Corporates, Financial Institutions and public sector: providing a global
advisory approach (M&A, debt, equity transaction, capital structure, and
asset & liability management), as well as quality capital raising
solutions across the debt and equity spectrum, optimised financing and expert
risk management responses notably in the realm of foreign exchange and rates
derivatives.
For investors: offering reliable and sound investment opportunities and risk
management solutions through its integrated global markets platform delivering
seamless access to markets (equity, rates, credit, currencies, commodities and
derivatives), as well as advice and solid financial engineering, quality of
execution and forward-looking research across asset classes
www.sgcib.com
SG CIB Global Finance division consolidates all capital raising across the
debt to equity spectrum, structured financing and hedging solutions for
issuers.
Where 110 experts in Export Finance deliver financing solutions, risk covers
and advisory services related to import or export contracts of which underlying
assets are capital goods, equipment and/or services.
Responsible for all ECA-backed business solutions for more than 40 years, our
experts leverage their relationship with Export Credit Agencies and the
emerging market to address client needs across the globe, capitalizing on the
extensive Société Générale network.
A leading position reconfirmed by its clients with the prestigious Award for
Excellence from Trade Finance Magazine. In Export Finance, Société Générale
Corporate & Investment Banking was named “Best Export Finance Arranger” for
the eighth consecutive year, demonstrating how, with its strong global network
and innovative approach, the bank continues to address the evolving needs of
its clients and provides support to win business overseas.
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