- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
March 19, 2015
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The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD570 thousand (JBIC portion) with Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited, based on the investment credit line*1 previously signed for supporting overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (collectively SMEs). The loan is cofinanced with a private financial institution, with the overall cofinancing amount reaching USD838 thousand.
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The individual loan signed under this credit line is intended to provide funds required by THAI INABA FOODS COMPANY LIMITED, a Thai subsidiary of INABA FOODS Co., Ltd. (Headquarters: Shizuoka Prefecture), in lease financing from BMUL the production facilities necessary for manufacturing and sales business of retort pouch and pet food.
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In recent years, Thailand's economy has been growing steadily and Japanese companies are accelerating their business expansion, as well as SMEs' growing interest to invest in Thailand. Accordingly, the interest and need of lease financing for capital investment by Japanese SMEs are growing. Thus, this loan contributes to maintaining and strengthening the international competitiveness of Japanese industries through support for the overseas business deployment of Japanese SMEs by extending appropriately and timely long-term funds in the foreign currency for lease financing under the credit line.
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As Japan's policy-based financial institution, JBIC will continue to provide financial support for overseas business deployment of Japanese companies, including SMEs, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.
Note
- *1 See Press Release on April 1, 2014.