📋 Tender Overview
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on March 28 a bank-to-bank loan agreement amounting up to approximately EUR15 million (JBIC portion) with Yapi Kredi of Türkiye to finance the purchase of a bulk carrier. The loan is co-financed with ING Bank N.V., Tokyo Branch, bringing the total co-financing amount to approximately EUR31 million. Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by the private financial institution.
The loan is to provide, by way of Turkish commercial bank Yapi Kredi, the funds necessary for Hayat Kimya Sanayi A.S. group, a Turkish fast-moving consumer goods manufacturer with 16 brands and operations in over 100 countries, to purchase a 64,150-dwt bulk carrier built by Oshima Shipbuilding Co., Ltd. from Sumisho Marine Co., Ltd*1.
The loan is intended to support the export of the ship by the Japanese shipbuilder, which plays a major role in the regional economy and associated industries that involve mid-tier enterprises and small and medium-sized enterprises. The loan thus contributes toward maintaining and improving the international competitiveness of the Japanese shipbuilding industry.
As Japan's policy-based financial institution, JBIC, in collaboration with the Shipbuilders' Association of Japan, will continue to provide financial support for the export of ships built by Japanese shipbuilders by utilizing its various financial instruments for structuring projects and performing its risk-assuming function.
