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The Fairfield County office of an Austrian bank received a federal loan guarantee on $7 million in financing, which it is extending for the purchase of dredging equipment for use in Nigeria”™s oil industry.
The Export-Import Bank of the United States extended the guarantee to RB International Finance, a subsidiary of Raiffeisen Bank, which until recently was known as RZB Finance L.L.C. and which lists offices in Danbury and New York City.
RB is lending money to Dredging Supply Co. of Reserve, La., which is exporting equipment to Japaul Oil and Maritime Services PLC in Nigeria.
