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Mongolia / Business Loan to JV Leasing Company
(Insurance for Loan to TDB Leasing LLC)


June 22, 2018

Nippon Export and Investment Insurance

Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Kazuhiko Bando) has decided to provide insurance to support a loan made by MG Leasing Corporation (“MG Leasing”) to TDB Leasing LLC (“TDB Leasing”), a Mongolian joint venture company between MG Leasing and Trade & Development Bank of Mongolia, the country’s major commercial bank. The loan will be used to purchase mining machinery and equipment.

Since 2014, NEXI has issued seven insurance policies for MG Leasing to support its loans to TDB Leasing. The amount of the 8th NEXI-supported loan scheduled to disburse coming one year is about JPY 3.7 billion.

TDB Leasing is engaged in leasing and installment sales in Mongolia. The company purchases Japanese mining machinery and equipment to lease out to local mining and infrastructure companies. There has been a growing demand for mining machinery and equipment in Mongolia endowed with copper, gold and other mineral resources. Through its insurance support, NEXI is expected to contribute not only to mineral resource development in Mongolia but also to MG Leasing’s overseas business development.

As a financial institution implementing Japan’s policy, NEXI will continue to actively support the international business development of Japanese companies


(Reference)
Insured MG Leasing Corporation
Insurable Value Approx. JPY 3.7 billion
Tenor Approx. 5 years
Covered Risks Political Risk 100%

Contact: Infrastructure Group, Structured and Trade Finance Insurance Department
Tel: 03-3512-7674

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