Mar. 31, 2017

DIC Establishes Multicurrency Loan Facility for Emerging Economy Currencies

Tokyo, Japan—DIC Corporation announced that effective from today it has established a multicurrency loan facility under which it can borrow funds principally in the currencies of promising Asian emerging economies (aggregate amount: JPY5.0 billion) with the Bank of Tokyo–Mitsubishi UFJ. 

The facility allows funds to be drawn down in any of nine currencies, including those of several key emerging economies in Asia: Indian rupees, renminbi, Indonesian rupiahs, Thai baht, Singapore dollars, Australian dollars, New Zealand dollars, U.S. dollars and yen. This will give DIC flexibility in raising funds for investments in growth in emerging economies. 

In addition to providing robust financial support for DIC’s businesses in rapidly developing Asian markets, the new facility, in combination with existing U.S. dollar- and Euro-denominated commitment lines, will further strengthen DIC’s global fund-raising capabilities.

 

 

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