Loan to ALBRAS - Aluminio Brasileiro S.A. in Brazil
Brazil, Oct. 29 -- The Japan Bank for International Cooperation (JBIC) signed on October 28 a loan agreement amounting to up to USD85.75 million (JBIC portion) with ALBRAS - Aluminio Brasileiro S.A. (ALBRAS) in Brazil. The loan is co-financed with private financial institutions including MUFG Bank, Ltd. (MUFG). Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by MUFG. Prior to signing this agreement, ALBRAS, JBIC, MUFG, Nippon Amazon Aluminium Co., Ltd. (NAAC), and NEXI signed a Memorandum of Understanding (MOU) aimed at strengthening supply chain resilience in the field of low-carbon aluminum. The MOU was announced in the presence of H.E. ISHIBA Shigeru, the former Prime Minister of Japan, and H.E. Luiz...
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