IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Jun 2012 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and RBS Aerospace Limited (RBSAI) has a value of USD 3 billion. In the beginning of 2012, the Royal Bank of Scotland Group announced agreeing to sell the RBSAI to a Japanese consortium of companies, respectively: Sumitomo Mitsui Finance and Leasing Company, Limited; Sumitomo Mitsui Banking Corporation; and Sumitomo Corporation. Following this agreement, the acquisition of the aircraft leasing business from The Royal Bank of Scotland Group was completed on 1 June 2012 by the Japanese consortium of companies. This loan financially supports this acquisition.

In this context, JBIC stated that: "JBIC will continue to support the overseas M&A activities of Japanese companies by drawing on its various financial facilities and schemes."

Notably, JBIC signed an additional loan agreement with the above Japanese companies the same month, see related measure.

Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment loans.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

732 Leasing or rental services concerning other goods

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