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The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) announced today a summary of its business performance and activities in the second quarter (Q2, July-September) of FY2022 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 FY2022, JBIC made a total of 28 financial commitments, amounting to approximately JPY372.7 billion in loans, equity participation, and guarantees.
2. Disbursements, Repayments, and Outstanding Amounts
Disbursements made by JBIC during Q2 FY2022 amounted to approximately JPY293.9 billion and repayments received were approximately JPY706 billion. As a result, outstanding loans and equity participation totaled approximately JPY16,813.3 billion and outstanding guarantees were approximately JPY1,707.8 billion, with the total outstanding amount for those financial products reaching approximately JPY18,521.2 billion.
II. Major Business Activities in Q2 FY2022
In July 2022, JBIC established the Global Investment Enhancement Facility*1 in order to support the overseas businesses of Japanese companies that make use of cutting-edge or unique technologies such as green and digital technologies. Through the Facility, JBIC supports Japanese companies' projects that are expected to contribute toward the preservation of the global environment, including decarbonization, the enhancement of supply chain resilience, the expansion of high-quality infrastructure, and the creation of new overseas markets. In Q2 FY2022, JBIC made a total of 24 financial commitments amounting to approximately JPY362.7 billion in loans and guarantees under the Global Investment Enhancement Facility.
1. Maintaining and Improving International Competitiveness of Japanese Industry
(1) Support for Strategic Overseas Business Expansion of Japanese Companies
JBIC provided loans for the UK-Germany interconnector project and an industrial park expansion project in Vietnam, both of which involve Japanese companies, and a loan for a Japanese company's acquisition of an animated cartoon streaming service provider in the United States.
(2) Support for the Overseas Expansion of Japanese MTEs and SMEs
JBIC made a total of 15 financial commitments in loans and guarantees, aggregating approximately JPY2.9 billion, which includes loans for manufacturing and sales businesses of recycled PET resin in Malaysia and automotive parts and medical device parts in Thailand and a local currency loan for a manufacturing and sales business of tanks for construction equipment in Indonesia.
(3) Other
Taking the opportunity of the eighth Tokyo International Conference on African Development (TICAD 8) held in Tunisia, JBIC signed memorandums of agreement for business promotion with the Republic of Côte d'Ivoire, the Republic of Uganda, and the West African Development Bank.
2. Addressing Global Issues
JBIC provided a loan for a high voltage direct current offshore electricity transmission project in the Emirate of Abu Dhabi of the United Arab Emirates and signed a general agreement on a credit line with a government financial institution in India for renewable energy projects and energy-efficient power generation and heat supply projects in India.
3. Supporting Projects in the Environmental Sector
In July 2022, JBIC established the Energy Transformation Strategy Office to centralize JBIC's response to matters concerning hydrogen, ammonia, and other forms of innovative energy that are important for the green transformation process, as well as matters related to the realization of a decarbonized society. Also, JBIC signed a memorandum of understanding with a state-owned company in Malaysia to strengthen a partnership for a variety of sectors including value chain development of hydrogen and ammonia.
4. Supporting Samurai Bond Issuance
JBIC partially acquired the first Samurai bonds (SDG bonds) (publicly-issued and yen-denominated bonds) that the Government of Mexico has issued in the Tokyo bond market.