Mizuho Corporate Bank - Prime Lending Rate

[pioneer]

Mizuho Corporate Bank said Thursday it has decided to set its long-term prime lending rate for June at 1.50 pct, down 0.05 percentage point from the previous month, effective Friday.

The wholesale banking unit of Mizuho Financial Group Inc. <8411> will thus cut the rate for the second straight month. The bank made the decision by taking into account recent movements of domestic interest rates, bank officials said.