Business Performance and Activities for Q2 FY2020 | JBIC Japan Bank for International Cooperation

November 30, 2020

The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) announced today the summary of its business performance and activities in the second quarter (July-September) of FY2020 as outlined below. Details of financial commitment amounts by financial product can be found in the PDF files provided in this press release.

Ⅰ. Loans, Equity Participation and Guarantees

1. Financial Commitments
In Q2 FY2020, JBIC made a total of 51 financial commitments amounting to approximately JPY802.6 billion in loans, equity participation, and guarantees.

2. Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q2 FY2020 amounted to approximately JPY530.3 billion and repayments received were approximately JPY331.1 billion. As a result, outstanding loans and equity participation totaled approximately JPY13,093.7 billion and outstanding guarantees were approximately JPY2,258.8 billion, with the total outstanding amount for those financial products reaching approximately JPY15,352.5 billion.

Ⅱ. Major Business Activities in Q2 FY2020

1. Promoting Overseas Resource Development

1. JBIC provided project financing^*1 for a large LNG project in Mozambique in which Japanese companies are participating.

2. Maintaining and Improving International Competitiveness of Japanese Industry

(1) Support for Strategic Overseas Business Expansion of Japanese Companies
JBIC provided project financing for a natural gas-fired combined cycle power plant project in Bangladesh and a long-term FPSO^*2 operation project in Brazil, in both of which Japanese companies participate. JBIC also supported overseas M&As, including a loan to a Japanese company for purchasing an Australian company's paperboard and fibre based packaging business.

(2) Support for Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 31 financial commitments in loans and guarantees, aggregating approximately JPY4.9 billion, which includes local currency denominated loans for automotive parts manufacturing and sales businesses in Thailand and Mexico.

3. Supporting Projects in Environmental Sector

JBIC provided project financing for the first large-scale solar PV project in Qatar, in which a Japanese company participates.

4. Other Financing Support

JBIC established the Growth Investment Facility^*3 in January 2020 and added the Emergency Window for Overcoming the COVID-19 Crisis (the COVID-19 Emergency Window) in April 2020 to support overseas businesses of Japanese companies. As at September 2020, JBIC made a total of 71 financial commitments amounting to approximately JPY876.2 billion in loans and guarantees under the Growth Investment Facility in FY2020.

Note

*1
Project finance is a financing scheme in which repayments for a loan are made solely from the cash flows generated by the project.
*2
A floating production, storage, and offloading (FPSO) system is a floating vessel used in the first-stage processing of crude oil produced at an oil well. It separates associated gas and water, and also stores and offloads oil.
*3
The Growth Investment Facility consists of three windows: the Facility Window for the Development of Quality Infrastructure for Environmental Preservation and Sustainable Growth (the QI-ESG Window), the Facility Window for Supporting Japanese Companies' Overseas Business Expansion (the Overseas Business Expansion Window), and the Emergency Window for Overcoming the COVID-19 Crisis (the COVID-19 Emergency Window).