(Reuters) - TOKYO, April 6 - A group of Japanese banks is arranging a 1.7 trillion yen line of credit for Citigroup to fund the U.S. lender's acquisition of Nikko Cordial Corp. , sources close to the deal said on Friday.
Citigroup confirmed that it had secured financing but declined to say how much. People involved said the credit line amounted to 1.4 trillion yen with an option for an additional 300 billion yen -- a total roughly equal to the maximum cost of Citigroup's bid for Nikko.
Read more at Reuters.com Mergers News
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