No, ASHRA (Israel Govt owned export credit agency) has already agreed to act as guarantor.
Fluence's ability to arrange finance for the project was a big piece of the picture, and it was achieved through the Israel Discount Bank which will be at a favourable interest rate due to ASHRA's backing as guarantor.
All of this would have been part of the contracts signed in Feb19.
The only party that needs to be satisfied by end of Sep19 is the Israel Discount Bank, as they will provide the finance for the project.
I'd say most if not all of the documentation has been submitted for the Bank's review and a date has been set to have all the documents signed.
Given the size of the loan and the parties involved (RL), I am sure Fluence have a relationship manager at the Israel Discount Bank making sure it all runs smoothly and any issues raised are addressed swiftly.
This should be a formality, however the significance of the transaction makes investors nervous.
No, ASHRA (Israel Govt owned export credit agency) has already...
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