date:May 09, 2014
count a portion of their subordinated loans as capital.
JBIC provides foreign-currency lending to Japanese companies for overseas acquisitions. The lender extended $1.5 billion in loans for air-conditioning and heating system maker Daikin Industries Ltd's $3.8 billion acquisition of Texas-based Goodman Global Inc in 2012.
For Japan's commercial banks, merger-and-acquisition finance is a bright spot as loan demand is recovering only tepidly at home and margins are being squeezed by competition