GLP raises $540m in Asia's biggest samurai loan

Mizuho Bank underwrites record-breaking syndicated facility

20181224N GLP Osaka facility

A GLP facility in Osaka. The Singapore-based company has taken out a record-breaking 60 billion yen "samurai loan" from Mizuho Bank and 16 other lenders.

YOHEI HIROSE, Nikkei staff writer

TOKYO -- Mizuho Bank has arranged a yen-denominated syndicated loan of 60 billion yen ($543 million) to Singapore-born logistics facilities provider GLP, the largest yet extended by Japanese lenders to a company elsewhere in Asia.

The Mizuho Financial Group unit put the loan together in mid-December as sole underwriter. It is contributing 20 billion yen, with the remaining 40 billion yen split among 16 other lenders.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.