SBI Shinsei Bank, in collaboration with its parent company SBI Holdings (TYO:8473), has finalized an agreement on a definitive repayment scheme with the Deposit Insurance Corp. of Japan, and The Resolution and Collection Corp.

This agreement outlines the conversion of common shares into preferred shares and the repayment of 100 billion yen as a special dividend on March 28, according to its Friday filing with the Tokyo bourse.

To facilitate this, SBI Shinsei Bank will raise 50 billion yen by disposing of treasury shares to SBI Holdings.

The bank plans to expedite the repayment of public funds through additional special dividends and regular dividends from the fiscal year ending March 2026, while ensuring financial stability and shareholder considerations.

Last year, the bank made a partial repayment of 19.4 billion yen, marking the first repayment in 18 years.

SBI Holdings' shares shed nearly 4% at market close.

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