Bank of Tokyo-Mitsubishi UFJ

Sharp gains $1.9 billion bailout but restructuring steps disappoint

Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals.

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Indonesia's CT Corp engages 13 banks for $1.275B syndicated loan- sources

Sources told Bloomberg that CT Corp, a diversified holding company based in Indonesia, has hired 13 lenders to market a syndicated loan worth $1.275 billion.

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