Asia

Cantor Fitzgerald, Credit Suisse Named Financiers of Nagasaki IR

Published

2 years ago

September 13, 2022

Niji Narayan

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Nagasaki governor Kengo Oishi announced last week that US-based Cantor Fitzgerald and the Credit Suisse Group will be financing the prefecture’s planned IR project in Sasebo city pending central government approval.

The opening costs for the Kyushu IR are estimated at JPY438.3 billion ($3.1 billion). Of this, approximately JPY175.3 billion ($1.2 billion) is to be procured from investors while JPY263 billion ($1.9 billion) is to come via finance.

Cantor Fitzgerald Securities and the Credit Suisse Group will serve as financiers alongside CBRE, which was named in April.

However, Governor Oishi stated, “These three companies all plan to contribute to both investment and financing. I have seen letters of commitment from both companies, but cannot yet disclose their details.”

Oishi refrained from offering any further information on the level of financing to come from these two new investors, but said, “We will continue to announce any financiers and investors in a timely manner as they finalize their agreements with the operator.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.