Article: JCR rates Chukyo Bank's upcoming debts at A-.

Article from:
ADP Debt News
Article date:
September 11, 2009
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(ADPnews) - Sep 11, 2009 - JCR assigned Friday an A- rating to the upcoming bonds of Japan's Chukyo Bank Ltd (TYO:8530).

The JPY 5 billion (USD 54.8m/EUR 37.5m) subordinated callable bonds No 4 due 2019 will be issued on Septemper 25, 2009 under the bank's shelf registration.

The Chukyo Bank is a second-tier regional bank and is headquartered in the city of Nagoya in the Aichi prefecture.

The bank has a business foothold in the whole prefecture and is also present in the Mie prefecture, which reflects its historical background. Its funds total approximately JPY 1.5 trillion.

One of the bank's strengths is its equity tie-up with ...

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