ANNOUNCEMENT 05 Jun 2019

On June 5th, 2019, Nippon Export and Investment Insurance (NEXI) announced that it would insure loans made by two private Japanese financial institutions to Mongolian TDB Leasing LLC.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

NEXI (2019) モンゴル国/合弁リース会社向け事業資金貸付案件 「Loan project for Mongolia / joint venture leasing company」
Available at:
https://www.nexi.go.jp/topics/newsrelease/2019060401.html

Inception date: 05 Jun 2019 | Removal date: open ended

Financial assistance in foreign market

On June 5th, 2019, Nippon Export and Investment Insurance (NEXI) announced that it would insure loans made by MG Leasing Corporation and Mitsubishi UFJ Lease & Finance Company Limited to TDB Leasing LLC for up to 5.1 billion yen (47 million USD). Founded by MG Leasing and Trade & Development Bank of Mongolia as a joint venture, TDB Leasing LLC operates as a hub for leasing and sales of equipment for the growing Mongolian mining market. 

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.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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