Export Credit Line for Indonesia Eximbank

Nippon Export and Investment Insurance (NEXI) has agreed on an export credit line ^*totaling up to USD15 million (NEXI portion) with Indonesia Eximbank, a special financial institution established by the Indonesian government.

The credit line will be offered in the form of co-financing of up to USD 30 million by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (Agent), Sumitomo Mitsui Banking Corporation and Japan Bank for International Cooperation (JBIC), and NEXI will provide a loan insurance for the financing extended by the commercial banks. The credit line is established in Indonesia Eximbank to provide medium- to long-term financing in U.S. dollars to Indonesian companies when they purchase Japanese machinery and other equipment.

Agreements on export credit line were singed with Indonesia Eximbank in October 2009 and February 2012 and this will be the third credit line created for the bank.

As a Japanese official export credit agency, NEXI will continue to provide financial support for Japanese companies' business in Indonesia though its project arrangement and risk-taking functions by using a wide variety of financial tools such as export credit line.

 

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*Export credit line is a form of export finance in which a certain amount of credit limit is established to promote exports of Japanese goods and equipment.