Automobile Sales Finance Business in the Federative Republic of Brazil

ブラジル連邦共和国における自動車販売金融事業向け融資

Country

Japan

State / City

National

Posted date

2024-03-05
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The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with Banco Honda S.A., a Brazilian subsidiary of Honda Motor Co., Ltd. The loan, amounting to $150 million (JBIC's share), is part of a co-financing deal with Mizuho Bank, Ltd., bringing the total to approximately $254 million. The funds will be used for Honda-branded motorcycle and automobile sales finance business in Brazil. This initiative supports the overseas business expansion of Honda and contributes to the strengthening of the supply chain and maintaining/improving the international competitiveness of Japan's automobile industry. Honda is also working towards reducing greenhouse gas emissions for the achievement of 'zero environmental impact' by 2050, and this initiative contributes to such efforts.

Instrument

Loan & Loan Guarantees

Purpose

Investment promotion
Production incentives

Agency

Japan Bank for International Cooperation

Sector

Automobiles

Data+Law uuid

JPN_03720_Program

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