ANNOUNCEMENT 20 May 2014
On 20 May 2014, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement with ONDO SHINSHO (THAILAND) CO., LTD. to support Japanese business activities.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation, press release of 20 May 2014, Loan for Manufacturing and Sales of Automobile Parts by Japanese Company in Thailand: http://www.jbic.go.jp/en/information/press/press-2014/0520-23879
JBIC information on overseas investment loans: http://www.jbic.go.jp/en/finance/investment
The overseas investment loan agreement between JBIC and ONDO SHINSHO (THAILAND) CO., LTD has a maximum value of USD 20 million. ONDO SHINSHO (THAILAND) CO., LTD is a Thai subsidiary of Japanese Ondo Corporation.
The loan finances the Thai subsidiary's establishment of a production facility to manufacture and sell automobile transmission parts in Thailand.
In this context, the Bank stated: "The loan will thus contribute to maintaining and strengthening the international competitiveness of Japanese industries by supporting overseas business deployment of Ondo Corporation."
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.