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JBIC approves Panama Canal loans

27 October 2008

The Japan Bank for International Cooperation (JBIC) is to provide $800 million in debt financing for the expansion of the Panama Canal. JBIC will provide $400 million in direct loans, with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group providing the remaining $400 million under a co-financing arrangement. Japan is third biggest...

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