-
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on September 18 a loan agreement amounting to up to USD250 million (JBIC portion) with NTT Finance Americas Inc. (NTTFA), a US subsidiary of NTT Finance Corporation. The loan is co-financed with MUFG Bank, Ltd., the Chiba Bank, Ltd., and The Gunma Bank, Ltd., bringing the total co-financing amount to USD500 million.
-
The loan is intended to finance, through NTTFA, the funds necessary for group companies of Nippon Telegraph and Telephone Corporation (NTT) to build and operate data centers in the United States
*1.
-
In the Medium-Term Management Strategy announced in May 2023, NTT set the goal of investing at least approximately JPY1.5 trillion in its data center business over five years with the aim of further expanding its data center infrastructure, which is the world’s third largest in the industry. The United States is one of the leaders in telecommunications infrastructure, and NTT Group aims to expand its data center locations across the country, particularly in major cities.
-
The loan will provide support for the overseas business expansion of NTT Group, help improve the business environment for Japanese companies, and enhance their supply chain resilience by ensuring secure telecommunications infrastructures whose reliability and safety are assured. The loan will also contribute toward maintaining and strengthening the international competitiveness of Japanese industries.
-
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.
