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Empresas y finanzas

Mazda to raise $2 billion through share issue, loans: report


    TOKYO (Reuters) - Mazda Motor Corp plans to raise 170 billion yen ($2.1 billion) in funds, 100 billion yen of which will be through a new share issue, public broadcaster NHK said on Tuesday.

    Battered by the strength in the yen and wanting to invest in a new plant in Mexico, the automaker will receive 70 billion yen through subordinated loans from banks, including Sumitomo Mitsui Financial Group <8316.T> and the Development Bank of Japan, NHK said.

    NHK did not say whether the capital raising would be via an issue of common or preferred stock.

    A Mazda spokesman said the company was checking on the report.

    ($1 = 79.4700 Japanese yen)

    (Reporting by Mayumi Negishi; Editing by Edwina gibbs)