Sanyo Shinpan Bond Risk Falls on Report of Takeover by Japan's Promise

(Bloomberg) -- The perceived risk of owning the
bonds of Sanyo Shinpan Finance Co. fell following a report the
company may be bought by Promise Co., Japan's third-largest
consumer lender by assets.

Promise and Sanyo Shinpan, a consumer lender which operates
mostly in western Japan, are in talks to merge as early as this
year, Kyodo News reported today, without saying where it got the
information. Promise may acquire more than half of Sanyo Shinpan
through a tender offer, according to the report.


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