Loan for Information and Communications Business of NTT Group in United States
Supporting Overseas Business Expansion of Japanese Company

• Region: North America
• Manufacturing and Services
• Overseas Investment Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: MAEDA Tadashi) signed today a loan agreement amounting to up to USD186 million (JBIC portion) with NTT Finance Americas Inc. (NTTFA), a US subsidiary of NTT Finance Corporation. The loan is co-financed with private financial institutions^*1, bringing the total co-financing amount to USD310 million.
     
2. The loan is intended to finance, through NTTFA, part of the funds necessary for group companies of the Nippon Telegraph and Telephone Corporation (NTT) to conduct information and communications business in the United States.
     
3. The United States is one of the world’s leading areas that support the information and communications infrastructure, and it is an important market for the NTT group. This loan will provide financial support for the overseas business expansion of the NTT group, thereby contributing toward maintaining and improving the international competitiveness of Japanese industry.
     
4. As Japan’s policy-based financial institution, JBIC will continue to provide financial support to assist Japanese companies in the overseas expansion of their businesses by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
     

Note

1. *1 
   MUFG Bank, Ltd., The Ashikaga Bank, Ltd., The Shiga Bank, Ltd., Joyo Bank, Ltd., The Hachijuni Bank, Ltd., The Kagoshima Bank, Ltd., The Gunma Bank, Ltd., The Keiyo Bank, Ltd., and Higo Bank