Feb 16 (LNGJ) -Tokyo Electric Power Co., the largest Japanese LNG buyer, is seeking more than $6 billion in further financing to stave off collapse following the compensation and repair cost consequences of the Fukushima nuclear disaster. The latest 500 billion yen in new financing would be part of a loan package of over 1 trillion yen. The money is expected to be provided by Japan's leading banks and insurance companies.
Tepco in $6Bln cash call
Written by John McKay
Thursday, 16 February 2012
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