Shinsei Bank Ltd. plans to repurchase up to 10 million of its own shares for up to ¥10 billion.
The bank said in a Jan. 31 release that the share repurchase period will run from Feb. 1 through July 31. The shares to be repurchased represent 3.86% of Shinsei Bank's outstanding shares.
The move is part of the lender's efforts to repay public funds.
As of Jan. 31, US$1 was equivalent to ¥109.27.
