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: 31 Jul 2014 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and Japanese Suntory Holdings Limited was signed on 31 July 2014. The loan has a maximum value of JPY 50 billion (USD 486.6 million) and USD 1.5 billion.

The loan partially finances the Japanese company's acquisition of the American company Beam Inc. (now Beam Suntory Inc.). The American company is a producer of various alcoholic spirits. 

In this context, the bank elaborated: "This loan will support a Japanese company by providing hybrid finance for obtaining long-term funds required for overseas M&A for its overseas expansion of existing business and development of new business. Thereby, it will contribute to the maintenance and strengthening of the international competitiveness of Japanese industries."

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

241 Ethyl alcohol; spirits, liqueurs & spirits
2208 Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol.; spirits, liqueurs and other spirituous beverages.
220830 Whiskies
220870 Liqueurs and cordials
220890 Other

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