- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed on January 20 a loan agreement in the amount of up to approximately USD561 thousand (JBIC portion) with Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL). This is an individual loan agreement based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs), previously signed with BMUL. The loan is cofinanced with private financial institutions, bringing the total cofinancing amount to approximately USD825 thousand.
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The loan agreement will secure funding from BMUL in lease financing for the facilities required by KTX PRECISION (THAILAND) CO., LTD., a Thai subsidiary of KTX Corporation (Headquarters: Aichi prefecture), to conduct its automotive parts manufacturing and sales business.
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In recent years, Japanese mid-tier enterprises and SMEs have shown a great interest in investing in Thailand. In consequence, finances leases are attracting high interest and demand from these mid-tier enterprises and SMEs for their capital investment. Loans under the credit line will flexibly provide long-term foreign currency funds for finance leases required for the business operations of such companies, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs, thereby contributing to maintaining and strengthening the international competitiveness of Japanese industries.
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As Japan's policy-based financial institution, JBIC will continue to support the overseas business deployment of Japanese mid-tier enterprises and SMEs, with a view to maintaining and strengthening the international competitiveness of Japanese industries.