Shinsei Bank Provides $149MM Facility to Canadian Solar

Canadian Solar secured a non-recourse project finance facility of up to ¥16 billion ($149 million) from Shinsei Bank. The facility will be used to support its 53.4 MWp Oita Hijimachi solar power project.

Two Bidders Remain for GE’s Japanese Commercial Finance Unit

According to The Wall Street Journal, Sumitomo Mitsui Financial Group and Shinsei Bank are the last two bidders in the running for GE’s roughly $5 billion Japanese commercial finance unit.

Bloomberg: GE Takes $1.7B Charge to End Shinsei Liability

Bloomberg reported that GE will take a $1.7 billion charge after agreeing with Shinsei Bank to conclude an obligation to compensate the Japanese lender for interest refund claims.