Aozora Bank, Ltd.
March 30, 2010
NEWS
RELEASE
Aozora Bank Arranges Major Syndicated Loan to the Japan
Environmental Safety Corporation
Tokyo, March 30, 2010 - Aozora Bank, Ltd (“Aozora”, “the Bank”) announced
today that it had signed a contract for and executed an 18.0 billion yen syndicated loan with the Japan Environmental Safety Corporation (JESCO) for March 2010, following the Bank’s earlier selection as arranger and agent.
This syndicated loan represents an opportunity to take advantage of the Bank’s
nationwide network of regional financial institutions, and 15 banks participated in this transaction, including a number which were new to JESCO.
Aozora has stated its policy of returning to domestic corporate finance, and going
forward will continue to actively develop business that responds to the various funding needs of customers, taking advantage of the Bank’s strengths such as its network of regional financial institutions.
Overview of the Syndicated Loan
Signing Date
March 30, 2010 (Tue)
Amount
18.0 billion yen
Term
4 years, 6 months
Arranger and Agent
Aozora Bank, Ltd
Overview of JESCO
Established
April 1, 2004
Capital
0.6 billion yen (as at March 31, 2009)
Legal Basis for Company Japan Environmental Safety Corporation Act
Number of Employees
228 (as at March 31, 2009)
Business Overview
Polychlorinated biphenyl (PCB) waste treatment program, provision of environmental preservation information and technical knowledge, and programs related to these activities.
END