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

Mizuho Bank underwrites record-breaking syndicated 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.

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.

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