TOKYO, March 18 : Nippon Steel has secured loans totalling 900 billion yen ($5.67 billion) from the Japan Bank for International Cooperation (JBIC) and major Japanese private lenders for its acquisition of U.S. Steel, it said in a statement on Wednesday.

The lenders include Japan’s three “megabanks” – Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank – as well as Sumitomo Mitsui Trust Bank.

($1 = 158.7600 yen)