|
Nissan seeking more government loans: media
2009-05-05
TOKYO (AFP) - Nissan Motor Co. is seeking a further 100 billion yen (1.01 billion dollars) in emergency government loans designed to help Japanese firms cope with the global economic crisis, a report said Wednesday. Nissan, which has so far borrowed 50 billion yen under the lending programme, has already informed the government-run Development Bank of Japan of its additional request, the Nikkei business daily said. The Japanese automaker, suffering from a slump in the global auto industry, is thought to be aiming to roll over part of its debt procured through commercial paper and other instruments, it reported. Japan's largest leasing company, Orix Corp., is also seeking some 100 billion yen in the programme, while Japan Airlines Corp. is tapping the programme again for an additional 200 billion yen, the daily said. The government launched the low-interest rate loan programme for crisis-hit Japanese firms in December. It has recently raised the funding capacity from two trillion yen to 10 trillion yen due to a growing number of applicants. It was not immediately possible to confirm the report.
| 
