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Non-Tech : MBK---------Bank of Tokyo Mitsubishi Ltd -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (4)	2/26/1998 9:16:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 170

Thursday February 26, 4:25 am Eastern Time Bank of Tokyo-M'bishi sells all Eurotunnel loans TOKYO, Feb 26 (Reuters) - The Bank of Tokyo-Mitsubishi Ltd (NYSE:MBK - news; BTM) (8315.T) said on Thursday it had finished selling all of the loans it had extended to Anglo-French channel tunnel operator Eurotunnel (EUTL.PA)(quote from Yahoo! UK & Ireland: ETL.L). A spokesman for the bank told Reuters he could not disclose the amount of loans it had sold or conditions of sales. Japanese business daily Nihon Keizai Shimbun reported in its evening edition on Thursday that BTM had completed sales of Eurotunnel loans on Wednesday. Nine other Japanese city banks which had extended loans to Eurotunnel sold all of their loans by the end of last year, the paper said. They were Dai-Ichi Kangyo Bank Ltd (8311.T), Sumitomo Bank Ltd (8318.T), Sanwa Bank Ltd (8320.T), Sakura Bank Ltd (8314.T), Fuji Bank Ltd (8317.T), Tokai Bank Ltd (8321.T), Asahi Bank Ltd (8322.T), Daiwa Bank Ltd (8319.T) and Hokkaido Takushoku Bank Ltd (8312.T). The loans were sold to U.S. and European financial institutions at a discount of about 40 to 55 percent, the paper said. By March 1996, Japanese banks had extended loans totalling about 1.8 billion pounds to the debt-laden Eurotunnel, of which one billion pounds was provided by the 10 city banks, the paper said. A spokesman for Sanwa Bank said his bank completed sales of Eurotunnel loans in March 1997 as part of its efforts to liquidate ''underperforming assets.'' Asked whether the loans were sold at deep discount, he told --------------------------------------------------------------------------------