Categories
· Business (Tobacco)
Organizations
· Jto
|
Jump to full article: Financial Times (uk), 1999-05-11
Author: Gillian Tett in Tokyo
Intro: Citibank, the US banking group, will today complete a $5bn syndicated loan for Japan Tobacco in the largest such deal arranged for a Japanese company.
The loan will finance the Japanese company's planned $7.83bn acquisition of the non-US business of RJR Nabisco, which was announced in March. It is believed to be the largest syndicated loan arranged in Asia.
The loan provides fresh evidence of the degree to which western banks are penetrating the financial sector in Japan as deregulation gathers pace.
Jump to full article » |