Reported 3 months ago
Norinchukin Bank is set to disclose its strategy for unwinding $65 billion in unprofitable sovereign debt holdings when it announces its quarterly results. With significant projected losses and unrealized losses reaching ¥1.8 trillion, the bank will provide updates on its capital raising efforts and investment portfolio, but it does not expect drastic changes in its bond holdings in the short term. Analysts are concerned about the bank's ability to manage its divestment pace amidst rising funding costs and potential credit rating downgrades.
Source: YAHOO