Japenese life insurers to provide 100 billion yen loan to Tokyo Electric
Four major Japanese life insurers including major shareholders Nippon Life Insurance Co and Dai-ichi Life Insurance Co are planning to provide a 100 billion yen ($1.30bn) syndicated loan to Tokyo Electric Power Co as early as April, according to Reuters.
The insurers are considering an arrangement under which their individual contributions to the loan will be based on their level of involvement with the management of the operator of the crippled
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