AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and US company Nissan Motor Acceptance Corporation has a maximum value of USD 180 million. The US company is a subsidiary of Japanese Nissan Motor Co., Ltd.
Through the US subsidiary, this loan finances the Mexican company NR Finance Mexico S.A. de C.V. sales financing business of Japanese automobiles in Mexico. The US subsidiary has equity stakes in the Mexican company.
In this context, the bank stated: "This loan will provide financial support for overseas business deployment of Japanese automakers through funding auto sales financing business, thereby serving to maintain and improve the international competitiveness of the Japanese automobile industry."
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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