Japan Bank for International Cooperation

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Japan Bank for International Cooperation

A state-owned bank in Japan responsible for promoting trade relations internationally. It encourages Japanese exports and provides resources for foreign direct investment. It was established in 1999 with the merger of the Export-Import Bank of Japan and the Overseas Economic Cooperation Fund.
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Moreover, this year is the 120th anniversary of the establishment of diplomatic relations between the two countries, and the support of the environment-related project in Japan by JBIC, a policy-based financial institution wholly owned by the Japanese government, will deepen further relations between the two countries based on the mutual understanding for preserving the global environment.
He added that the JBIC is interested to strengthen their presence in the Japanese automotive industry in Egypt.
Ijima informed the Finance Minister that JBIC financed Japanese companies on need basis and had no cap on financing in a particular country.
The participation confirms also progressive return of Tunisia's risk on the international capital markets as from 14 January 2011, insofar as the guarantee of JBIC does not cover interests to be paid over the first four years.
This strategic investment into Metito by MC, MHI and JBIC is a reflection of the success of the management team and the Ghandour family," said Karim El Solh, CEO and Managing Partner of Private Equity at Gulf Capital and serving Chairman of the Board of Metito.
The transaction required a delicate balancing of many interests - two of the largest and most prominent Japanese corporations, Gulf Capital, as the controlling financial sponsor, two international developmental financial institutions - IFC and JBIC -Metito and the Ghandour family, who founded the company over 50 years ago and who have been prominent in its management up to today.
This collaboration between a long established family business and a leading regional private equity firm, and its evolution into this new partnership with MC, MHI, and JBIC, serves as a model template for future regional investments into family owned businesses in the Middle East.
This arrangement paves the way for Ex-Im Bank and JBIC to co-finance projects, enabling exporters in both the U.
Under the scheme, JBIC will set a $15 billion credit line for the Bank of Tokyo-Mitsubishi UFJ, and $14 billion lines for both Sumitomo Mitsui and Mizuho Corporate.
The agreement was signed by the director of treasury and external finances at the ministry, Faouzia Zaaboul, and the executive director of JBIC, Fumio Hoshi.
2 billion yen of the notes were guaranteed by JBIC and carried a coupon of Yen Libor plus 100 basis points.
As part of this transaction, the repack notes are the issued from the vehicle described here Emirates NBD Auto Financing and ultimately wrapped by JBIC for international investors with a principal guarantee, the statement said.