(Bloomberg) -- Citigroup Inc. borrowed 1.45 trillion yen ($12 billion) in Japan's largest syndicated loan to fund its purchase of Nikko Cordial Corp., said two bankers who were involved in the transaction.
Mizuho Financial Group Inc., Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., the three largest banks in Japan, provided almost half of the financing, the bankers said, asking not to be identified before an announcement. Citigroup last week paid 920 billion yen to build a 61 percent stake in Tokyo-based Nikko, Japan's third-largest securities firm.
Read more at Bloomberg Bonds News
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