TOKYO: Toyota Motor Corp has sought a credit line totalling one trillion yen (US$9.23 bil) from Sumitomo Mitsui Banking Corp and MUFG Bank as a coronavirus pandemic drives up fundraising 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. — March 27, 2020, Reuters
