Canada markets open in 7 hours 32 minutes
  • S&P/TSX

    20,861.10
    +227.83 (+1.10%)
     
  • S&P 500

    4,591.67
    +53.24 (+1.17%)
     
  • DOW

    35,227.03
    +646.95 (+1.87%)
     
  • CAD/USD

    0.7856
    +0.0016 (+0.21%)
     
  • CRUDE OIL

    70.49
    +1.00 (+1.44%)
     
  • BTC-CAD

    65,138.12
    +3,469.53 (+5.63%)
     
  • CMC Crypto 200

    1,320.81
    +60.65 (+4.81%)
     
  • GOLD FUTURES

    1,782.00
    +2.50 (+0.14%)
     
  • RUSSELL 2000

    2,203.48
    +44.17 (+2.05%)
     
  • 10-Yr Bond

    1.4340
    0.0000 (0.00%)
     
  • NASDAQ futures

    15,959.00
    +116.25 (+0.73%)
     
  • VOLATILITY

    27.18
    -3.49 (-11.38%)
     
  • FTSE

    7,232.28
    +109.96 (+1.54%)
     
  • NIKKEI 225

    28,455.60
    +528.23 (+1.89%)
     
  • CAD/EUR

    0.6952
    +0.0008 (+0.12%)
     

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

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
A man walks past a Toyota logo at the Tokyo Motor Show
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

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 a coronavirus pandemic drives up fund-raising costs, Kyodo News said on Friday.

In an email, Toyota declined to comment, saying, "We continuously evaluate our fundraising needs, but regarding reports in the press, we do not have anything to announce at this time."

SMBC and MUFG Bank said they did not comment on individual companies.

(Reporting by Chang-Ran Kim; Editing by Shri Navaratnam)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting