Banks to set 400 bil. yen credit line for quake-hit Tohoku Electric - The Mainichi Dail... - 0 views
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The major commercial banks and the DBJ will thus provide a total of 550 billion yen to Tohoku Electric, following some 2 trillion yen in loans they extended by April to Tokyo Electric Power Co. plagued with the Fukushima Daiichi nuclear plant crisis set off by the quake-tsunami disaster.
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"Major Japanese commercial banks are in final talks to set a 400 billion yen syndicated credit line possibly in August for Tohoku Electric Power Co., which has had difficulties raising funds through debt issues amid the Fukushima nuclear crisis, sources close to the matter said Friday. The government-controlled Development Bank of Japan is also considering a low-interest crisis response loan worth some 150 billion yen to the utility serving northeastern Japan, which was devastated by the March 11 earthquake and tsunami, they said. The major commercial banks and the DBJ will thus provide a total of 550 billion yen to Tohoku Electric, following some 2 trillion yen in loans they extended by April to Tokyo Electric Power Co. plagued with the Fukushima Daiichi nuclear plant crisis set off by the quake-tsunami disaster."