TOKYO — Japan’s SBI Shinsei Bank will complete its repayment of roughly 230 billion yen ($1.6 billion) in bailout money by the end of July as it aims to relist on the Tokyo Stock Exchange, Nikkei has learned.
The money will be repaid by the Japanese bank’s parent group, SBI Holdings, which will buy preferred shares held by the Deposit Insurance Corporation of Japan and another government-backed body.
