ANNOUNCEMENT 08 Jul 2020
July 8th, 2020 - The Japan Bank for International Cooperation signed a loan agreement to finance a Japanese firm's operations in Mexico.
NUMBER OF INTERVENTIONS
Japan Bank for International Cooperation, July 8th, 2020. (Loan for Automobile Sales Finance Business in Mexico)
JBIC information on overseas investment loans: https://www.jbic.go.jp/en/support-menu/investment.html
On July 8th, 2020, the Japan Bank for International Cooperation (JBIC) signed a loan agreement worth USD 582m with Nissan Motor Acceptance Corporation (NMAC), a US-based subsidiary of Nissan Motor Co., Ltd.
The loan is intended to be used in financing NR Finance Mexico S.A. de C.V., a Mexican subsidiary of Nissan, to increase sales of Japanese cars in Mexico - a market which, according to the JBIC, is a country that '[...] is important not only as a production base for exports to the countries in the Americas, but also as a domestic sales 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.