Financing for Natural Gas Generation Project in Texas, United States
United States, Aug. 14 -- The Japan Bank for International Cooperation (JBIC) signed on August 7 a loan agreement amounting to approximately USD739 million with Japan Invest 5 LLC (JI5), a U.S. company established with equity investment from JBIC. The loan is co-financed with Citibank, N.A., Tokyo Branch (agent bank) and JPMorgan Chase Bank, N.A., Tokyo Branch, bringing the total co-financing amount to approximately USD2,213 million. Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by these private financial institutions. The loan is intended to provide the funds necessary for JI5 to invest in a natural gas generation project in Texas under the Strategic Investment Initiative based on the Memorandum of U...
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