Japan s Norinchukin Bank
said on Wednesday it was considering raising 1.2
trillion yen to shore up its capital after its
portfolio suffered a sharp drop in value. The central. -May 22, 2024 at 04:57 am EDT
- MarketScreener
Norinchukin weighs $7 7 billion fundraise to cover bond loss biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Japan's Norinchukin Bank is considering a capital increase of about 1 trillion yen ($6.4 billion) to bolster its financial standing that is undermined by unrealized losses from its holdings of overseas bonds, including U.S. Treasuries, a source familiar with the matter says.