TOKYO (Reuters) - Mazda Motor Corp <7261.T> 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)
