- Region: Asia
- Manufacturing and Services
- Mid-tier Enterprises and Small and Medium-Sized Enterprises(SMEs)
- Overseas Investment Loans
July 13, 2015
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The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed today a loan agreement of up to about USD193 thousand (JBIC portion) based on a credit line*1 for supporting the overseas business deployment of Japanese mid-tier enterprises and small and medium-sized enterprises (SMEs) already signed with Bangkok Mitsubishi UFJ Lease Co., Ltd. (BMUL), a Thai subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL). The loan is cofinanced with a private financial institution, bringing the total cofinancing amount to about USD285 thousand.
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The individual loan agreement signed under this credit line will secure funding from BMUL in lease financing for facilities required by HAL ALUMINUM (THAILAND) CO., LTD., a Thai subsidiary of HIROSHIMA ALUMINUM INDUSTRY CO., LTD. (headquarters: Hiroshima Prefecture) to conduct its automobile parts manufacturing and sales business.
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In recent years, against the background of robust economic growth in Thailand, Japanese companies have been accelerating their business expansion, with mid-tier enterprises and SMEs showing growing intentions to invest in the country. Accordingly, there is increasing interest in, and need to utilize, financing leases, as Japanese mid-tier enterprises and SMEs make capital investments. The loan under the credit line will flexibly provide long-term foreign currency funds for finance leases required by the business operations of mid-tier enterprises and SMEs in Thailand and other countries, and thus support the overseas business deployment of Japanese mid-tier enterprises and SMEs. Thereby, this will contribute 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.