ANNOUNCEMENT 27 Jun 2017
On 27 June 2017, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement with Japanese INPEX CORPORATION.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation, press release of 27 June 2017, Loan for Acquisition of Interest in Onshore Oil Fields in Abu Dhabi: http://www.jbic.go.jp/en/information/press/press-2017/0627-55819
JBIC information on overseas investment loans: http://www.jbic.go.jp/en/finance/investment
The overseas investment loan agreement between JBIC and Japanese INPEX CORPORATION has an approximate value of USD 339 million. The loan finances the Japanese company, through one of its subsidiaries, the acquisition of interests in ADCO oilfields located in the United Arab Emirates.
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.