Buyer's Credit for Indonesian Government:
Supporting Overseas Business Deployment of Japanese Automaker
- Region: Asia
- Manufacturing and Services
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed the loan agreements totaling up to 34 million U.S. dollars (JBIC portion), for funding the purchase of 965 trucks, with the Government of the Republic of Indonesia. These loans are cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd. (Facility Agent) and Australia and New Zealand Banking Group Ltd. Tokyo branch. The overall cofinancing amount reaches 68 million U.S. dollars. Nippon Export and Investment Insurance (NEXI) will provide Overseas Investment Insurance for the portion cofinanced by private financial institutions.
These loans are intended to finance the purchase by the Indonesian government of 965 general purpose trucks used for transporting personnel and general cargo, to be supplied by an affiliated company of Isuzu Motors Limited.
By financing business transactions of an affiliated company of Isuzu Motors Limited, a Japanese automaker, these loans will support the Japanese automaker to strengthen its capacity to win orders and expand sales. They will thus contribute to the maintenance and improvement of international competitiveness of the Japanese automobile industry.
As a public financial institution, JBIC will continue to support overseas business deployment of Japanese companies, by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.