ANNOUNCEMENT 29 Dec 2021
December 29th, 2021 - The Japan Bank for International Cooperation announced it had signed a loan deal to support a domestic firm's activities abroad.
NUMBER OF INTERVENTIONS
Japan Bank for International Cooperation, December 29th, 2021. (トピー工業株式会社のアメリカ合衆国法人が実施する自動車部品の製造・販売事業に対する融資)
On December 29th, 2021, the Japan Bank for International Cooperation (JBIC) announced it had signed a loan deal one day prior with Topy Industries, Inc. for USD 20m. The deal was to support the expansion of the latter firm's business in the US through its subsidiary there.
According to the press release announcing the deal, the loan, 'will contribute to the maintenance and improvement of the international competitiveness of Japanese industry by supporting the overseas business development of Topy Industries'. The firm in question primarily manufactures automobile wheels.
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.