Toyota seeks $9.2 billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo

Toyota seeks $9.2 billion credit line from Sumitomo Mitsui, MUFG Bank: Kyodo

FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su

TOKYO (Reuters) – Toyota Motor Corp (7203.T) has sought a credit line totaling 1 trillion yen ($9.23 billion) from Sumitomo Mitsui Banking Corp and MUFG Bank as fund-raising costs rise on the back of the coronavirus pandemic, Kyodo News reported on Friday.

The three companies could not immediately be reached for comment.

Reporting by Chang-Ran Kim; Editing by Shri Navaratnam

Related posts