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Loan for Automobile Logistics Business in Russia
Supporting Overseas Business Expansion of Japanese Company through Ruble-Denominated Loan under the Growth Investment Facility

  • Region: Europe
  • Infrastructures
  • Overseas Investment Loans
 September 8, 2020
  1. The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed on September 7 a loan agreement amounting up to RUB870 million (JBIC portion) with Limited Liability Company Rolf-Logistic (Rolf Logistic), a Russian subsidiary of Nippon Yusen Kabushiki Kaisha (NYK Line). The loan is provided under JBIC’s Growth Investment Facility*1 and is co-financed with MUFG Bank, Ltd., bringing the total co-financing amount to RUB1,450 million.
      
  2. The loan is intended to provide the funds necessary for the automobile logistics business which Rolf Logistic is conducting in Moscow, Russia.
      
  3. NYK Line, under its car transportation division, operates terminals for automobile transport around the world as well as marine transport services with the world’s largest car carrier fleet of approximately 110 vessels. As Japanese auto manufacturers have production bases in Russia, the country has strong demand for automobile transport. NYK Line will provide comprehensive automobile logistics services, from marine transport to terminal operation and inland transport, through Rolf Logistic with this financing. This local currency loan is intended to support NYK Line in expanding its overseas business, and will contribute to maintaining and strengthening the international competitiveness of Japanese companies.
      
  4. As Japan's policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
      
Note
  1. *1 

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