AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and Japanese Mitsubishi UFJ Lease & Finance Company Limited has a maximum value of USD 678 million.
The loan supports the Japanese company's acquisition of all the outstanding equity interests of the aircraft leasing company JSA International Holdings, L.P. incorporated in the Cayman Islands.
In this context, the Bank explained that through this acquisition the Japanese company: "intends to meet the increasing volume of air travelers on the back of the growth in emerging markets, and the globally growing demand for commercial aircraft against the backdrop of emerging low-cost carriers (LCCs), thus this loan supports the overseas business deployment of Mitsubishi UFJ Lease & Finance Company Limited (ed. MUL). JBIC will continue to support overseas M&A activities of Japanese companies in cooperation with private financial institutions."
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.
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