The Japan Bank for International Cooperation (JBIC) has led commercial banks into a series of loan agreements.
The export credit agency (ECA) partnered with Yamaguchi Bank to lend US$1.05mn to Nagato Heat Treatment, a Thai subsidiary of a Japanese SME. The loan will help the company expand its heat-treatment auto-parts processing facility, which will in turn supply Japanese automobile manufacturers with parts.
Alongside Sumitomo Mitsui Banking Corporation (SMBC), JBIC co-financed a credit line to the Development Bank of Southern Africa to support green energy projects in South Africa. JBIC also issued a partial guarantee for SMBC’s portion of the loan.
Finally, the agency teamed up with Mizuho Corporate Bank to extend a Nexi-covered credit line to Russia’s Sberbank. The loan is to be on-lent to a joint venture created by Toshiba of Japan and Electrosilla of Russia to design and build a power plant in St Petersburg. Details of the loan haven’t been disclosed.