Friday, 08 June 2007

UPDATE 1-Resona to repay $289 mln worth of public funds

(Reuters) - Resona said it would make the repayment next Wednesday,
leaving it with 45 billion yen worth of perpetual subordinated
bonds outstanding to a government body called the Resolution and
Collection Corporation.




Resona, which was effectively nationalised in a public
rescue in 2003, received about 3 trillion yen from the state,
including earlier bailouts of predecessor banks in 1998 and
1999.


Read more at Reuters.com Bonds News

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