Nissan Motor wants a further JPY100bn (US$1.01bn) from the emergency government loan fund to help Japanese firms cope with the global economic crisis, a newspaper report said on Wednesday.
Go deeper with GlobalData
Nissan, which has so far borrowed JPY50bn from programme, has already informed the government-run Development Bank of Japan of its additional request, the Nikkei business daily said, according to AFP.
The paper said Nissan was thought to be aiming to roll over part of its debt procured through commercial paper and other instruments.
AFP noted that the government launched the low-interest rate loan programme for crisis-hit Japanese firms in December and has recently raised the funding capacity from two trillion yen to 10 trillion yen due to a growing number of applicants.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
