- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
December 5, 2014
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The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement, amounting up to USD443 thousand (JBIC portion) with Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited, based on the credit line*1 previously signed for supporting overseas business deployment of Japanese mid-tier enterprises as well as small and medium-sized enterprises (SMEs). The loan is cofinanced with a private financial institution, which brings the overall cofinancing amount to USD651 thousand.
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The loan under the credit line is intended to provide necessary lease financing to Thai Tsuzuki Co., Ltd., a Thai subsidiary of Tsuzuki Co., Ltd. (Headquarters: Nagano Prefecture) in leasing the production facilities from BMUL for manufacturing and sales business of automobile parts.
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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, the loan contributes to maintaining and strengthening the international competitiveness of Japanese industries through supporting appropriately and timely the overseas business deployment of Japanese SMEs by extending 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 support financially 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.