ANNOUNCEMENT 24 Aug 2012
On 24 August 2012, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement with the Brazilian company Amapá Florestal e Celulose S.A.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation, press release of 24 August 2012, Loan for Forestation, Woodchip Manufacturing and Sales Project in Brazil: http://www.jbic.go.jp/en/information/press/press-2012/0824-7435
JBIC information on overseas investment loans: http://www.jbic.go.jp/en/finance/investment
The overseas investment loan agreement between JBIC and Brazilian Amapá Florestal e Celulose S.A. has a maximum value of USD 63 million. A number of Japanese companies have equity stakes in Amapá Florestal e Celulose S.A.
The loan finances the Brazilian company's eucalyptus forestation alongside its manufacturing and sales of woodchips from forested eucalyptus in Brazil.
In this context, the Bank stated: "JBIC will continue to actively support the promotion of development and the acquisition of natural resources, including woodchips, by Japanese firms."
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.