Topics
Russia / Buyer's Credit Insurance for wood processing equipment export project
Nippon Export and Investment Insurance
NEXI has decided to provide Buyer's Credit Insurance for a loan concerning the purchase of wood processing equipment by a Russian company Amurskaya from Hashimoto denki Co.,Ltd.
JBIC and Bank of Tokyo-Mitsubishi UFJ will extend loans to Bank for Development and Foreign Economic Affairs (VEB) of Russia. NEXI will underwrite Buyer's Credit Insurance for the portion provided by Bank of Tokyo-Mitsubishi UFJ.
Hashimoto denki Co.,Ltd. is an SME based on the definition stipulated in Small and Medium-sized Enterprise Basic Act, and NEXI is supporting its export by providing insurance.
In view of the still difficult conditions of the financial market, NEXI will continue to support Japanese exporters including SMEs reputed for their technological excellence.
(Reference)
＜Japanese companies concerned＞
| Manufacturer | Hashimoto denki Co.,Ltd. |
| Exporter | same as above |
| Commercial bank | Bank of Tokyo-Mitsubishi UFJ (*Importer: Amurskaya Lesopromyshlennaya Kompaniya, LLC) |
＜Insurance details＞
| Type of insurance | Buyer's Credit Insurance |
| Type of loan | Buyer's credit (two-step loan via VEB of Russia) |
| Borrower | Bank for Development and Foreign Economic Affairs (VEB: Vnesheconombank) |
| Insured (lender) | Bank of Tokyo-Mitsubishi UFJ |
| Loan amount | USD 38,250,000 (of which USD 15,300,000 from the commercial bank) |
| Covered risks | Political risks 100%, commercial risks 100% |
Contact