Nuclear Damage Liability Facilitation Fund was offered more than double the amount sought for a syndicated loan from banks, according to a statement on the fund’s website today.
The banks offered 1.083 trillion yen, compared with 500 billion yen sought by the government-backed fund, it said in the release. The average interest rate was 0.157% for the one-year facility, which will be used to help bail out Tokyo Electric Power Co., it said.
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