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Toyota seeks $9.2-billion credit line from Sumitomo Mitsui, MUFG Bank - Kyodo

Reuters
Updated
Customers look at 2019 Camry Hybrid in Toyota dealer in Dhahran, Saudi Arabia

TOKYO (Reuters) - Toyota Motor Corp <7203.T> has sought a credit line totaling 1 trillion yen ($9.23 billion) (7.53 billion pounds) from Sumitomo Mitsui Banking Corp and MUFG Bank as a coronavirus pandemic drives up fund-raising costs, Kyodo News said on Friday.

In an email, Toyota declined to comment, saying, "We continuously evaluate our fundraising needs, but regarding reports in the press, we do not have anything to announce at this time."

SMBC and MUFG Bank said they did not comment on individual companies.

(Reporting by Chang-Ran Kim; Editing by Shri Navaratnam)