Local News

New Fund Created to Support Corporate Reconstruction Efforts

Four major regional banks, including the Nishi-Nippon City Bank, the Development Bank of Japan, and the Aozora Bank have agreed to pool roughly 3 billion yen to establish the Kyushu Bolero Fund. This fund will provide support to help the financial reconstruction of regional companies. They plan to focus on important companies with excessive debt, but whose business fundamentals remain strong. The fund’s term is slated for five years.

Published: Jun 20, 2008 / Last Updated: Jun 20, 2008

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