OREANDA-NEWS. Aozora Bank, Ltd. announced the formation of an syndicated asset-based lending (ABL) transaction with Sendai Bank, Ltd. and Kirayaka Bank, Ltd. Operating under Jimoto Holdings, Inc., intended for Sanwa Koki Co., Ltd.

Through its Business Innovation Office, established in April this year, the Bank has consolidated its expertise in such areas as business recovery finance, structured finance, and syndicated lending from throughout the Bank. The development of this function gave rise to discussions with Sanwa Koki, a provider of products essential for electrical and communications infrastructure, with its main factory located in the Tohoku region, aiming to improve the composition of its finances.

This financing transaction came about as a result of the cooperation of the two banks, Sendai Bank and Kirayaka Bank, operating under Jimoto Holdings, which gave its approval motivated by such factors as the reinvigoration of the Tohoku region and its local economies, business recovery support, and the support of growth business areas.

As announced in 'Aozora Bank's Business Model' in February this year, the Bank's focuses include the collaboration with regional financial institutions, development of transactions with SMEs, and special finance, such as recovery finance. Through the promotion of this business model, the Bank aims to earn the trust of its customers as the 'Primary Secondary Bank - Another Reliable Partner', as well as contributing to the reinvigoration of regional economies and the recovery of Tohoku's disaster-affected areas.