Mongolia/Export of Mining Machinery Manufactured by Komatsu
(Loan Insurance for Mongolia Using Export Credit Line)

July 26, 2017
Nippon Export and Investment Insurance

Nippon Export and Investment Insurance (NEXI: Chairman and CEO: Kazuhiko Bando) has decided to provide insurance on a loan made to Khishig Arvin Industrial LLC, an entity of the State of Mongolia, for the purchase of mining machinery manufactured by Komatsu Ltd. from Sumitomo Corporation.

The loan will be provided in the form of co-financing (in the total amount of approx. JPY 868 mil.) by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) and Japan Bank for International Cooperation (JBIC), and will mark the fourth case to use the export credit line *1 *2 *3 set up for the Government of Mongolia in June 2013. NEXI will provide insurance for the portion of the loan offered by BTMU (approx. JPY 434 ml.)

NEXI as the official export credit agency in Japan will continue to actively support exports from Japanese companies.

Insured The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Insured Value Approx. JPY 434 million
Covered Risks Political Risk 100%, Commercial Risk 100%

 Infrastructure Group
 Structured and Trade Finance Insurance Department
  Tel: +81-3-3512-7674

*1. Export credit line is a form of export financing in which a certain amount of credit limit is set up to promote export of Japanese goods and equipment.

*2. The export credit line used for this transaction was established under a general agreement signed between JBIC and the Government of Mongolia on June 6, 2013.

*3. For previous transactions using this export credit line, please see:
1st transaction – News Release dated June 12, 2015
2nd transaction – News Release dated October 13, 2016
3rd transaction – News Release dated May 31, 2017