The amount of outstanding interest-bearing
debts is 9.8% smaller than targeted under a three-year restructuring program starting with the year ended March 31, Haseko said.
Miyazawa called on local governments and businesses in Osaka to help reduce existing interest-bearing
liabilities before promoting the project to construct a second runway.
The decrease in net interest margin was due to an increase in the average cost of our interest-bearing
liabilities of 24 basis points to 1.13% for the quarter ended March 31, 2018 from 0.89% for the quarter ended March 31, 2017 due to increases in the average balances and the average cost of deposits and FHLB borrowings as a result of higher repricing of these interest-bearing
liabilities in a rising interest rate environment.
Under the reconstruction plan, Hazama plans to cut its parent-only interest-bearing
debts of 199.4 billion yen as of March 31 last year, to 48.3 billion yen at the envisioned construction firm as of Oct.
While the outstanding balance of interest-bearing
debts, such as bank loans and corporate bonds, is expected to reach 145 billion yen at the March 31, 2003 end of fiscal 2002, the management plan for fiscal 2003-2005 envisions the leading nonferrous metal company reducing the amount to 100 billion yen at the end of the last year.
It offers deposit accounts consisting of interest-bearing
and non-interest-bearing checking, money market, savings, and certificate of deposit accounts.
Daiho also intends to cut construction-cost recovery period thus reducing its interest-bearing
Mizuho Bank said Thursday it will discontinue over-the-counter sales of discount and interest-bearing
debentures for direct delivery on Sept.
The increase in the average cost of our interest-bearing
liabilities was partially offset by an increase in the average yield on our interest-earning assets of 16 basis points to 3.91% for the quarter ended December 31, 2017 from 3.75% for the quarter ended December 31, 2016 due to an increase in the average balances as well as a substantial increase in the average yield on our commercial and consumer loans as a result of upward repricing for adjustable rate loans in a rising interest rate environment.
It fully covers deposit balances held in non interest-bearing
checking accounts and qualifying interest-bearing
Fujitsu's ratio of interest-bearing
debts to the tally of its capital and interest-bearing
debts -- a key S&P gauge to measure a company's dependence on debts -- came to 67% in the three-month period ended June 30, a deterioration from 62% in the previous quarter, it said.
As a result of the changes in interest-earning assets and interest-bearing
liabilities, the interest rate spread increased from 3.43% for 2016 to 3.58% for 2017.