The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on March 27 a buyer's credit (export loan) agreement amounting to up to approximately USD167 million (JBIC portion) with the Mexican government financial institution, Banco Nacional de Comercio Exterior, S.N.C., Institución de Banca de Desarrollo (BANCOMEXT), in its capacity as the trustee of a trust
*1 under the auspices of the Comisión Federal de Electricidad (CFE) of Mexico. The loan is co-financed with Citibank, N.A., Tokyo Branch, bringing the total co-financing amount to approximately USD278 million. Nippon Export and Investment Insurance (NEXI) will provide insurance for the loan from the private financial institution.