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Nanto Bank to raise ¥15.7B by issuing new shares

Nanto Bank Ltd. plans to raise ¥15.74 billion by issuing new shares.

The sale will take place between June 1 and June 2, and the payment date is June 7, the lender said May 31.

Earlier in May, the bank said it would issue 5 million common shares.

As of May 31, US$1 was equivalent to ¥111.58.