ANNOUNCEMENT 27 Dec 2021
December 27th, 2021 - The Japan Bank for International Cooperation announced the signing of a loan deal to support a domestic firm's expansion overseas.
NUMBER OF INTERVENTIONS
Japan Bank for International Cooperation, December 27th, 2021. (株式会社JERAによるフィリピン共和国法人Aboitiz Power Corporationの株式取得資金を融資)
On December 27th, 2021, the Japan Bank for International Cooperation (JBIC) announced the signing of a loan deal with JERA, a Japanese energy company, to fund the acquisition of equity in the Filipino firm, Aboitiz Power Corporation. The loan was for USD 630m.
According to the press release announcing the deal, the funds will go towards 'supporting Japanese companies' overseas business expansion and new business development, and [the nation of] Japan'.
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.