Corona-stricken SME support Secured loan funds by issuing regional bank corporate bonds September 13, 13:01

In order to support small and medium-sized enterprises that are struggling to raise funds due to the effects of the new coronavirus, local banks are issuing a series of corporate bonds to secure funds for financing business partners.

Of these, Concordia Financial Group, which owns the Bank of Yokohama and others, issued new corporate bonds this month, raising 20 billion yen.



All of this money will be used for loans to small and medium-sized enterprises that are affected by the spread of the new coronavirus and the decrease in sales.



Nobuo Onodera, General Manager of Corporate Planning Department, Concordia Financial Group, said, "We believe that showing our determination to meet the needs of cash flow will lead to a sense of security for our business partners. We will provide support while looking ahead to the so-called" with corona "era. I want to continue. "



The Chugoku Bank, which has its head office in Okayama City, is also planning to issue such corporate bonds, and plans to raise 10 billion yen next month.



As the effects of the new coronavirus continue, it has become a common issue for regional banks to support the management of business partners who are struggling to raise funds and support the local economy, and there is a move to issue similar corporate bonds in the future. It seems to spread.