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-Mazda Motor Corporation plans to raise USD2.1bn.

Auto Business News-February 21, 2012--Mazda Motor Corporation plans to raise USD2.1bn(C)1994-2012 ENPublishing -

Auto Business News - 21 February 2012

Mazda Motor Corporation (TYO: 7261),a Japan-based automaker, is planning to raise USD2.1bn to increase its finances and invest in a new plant in Mexico, Economic Times, India, has reported, citing financial sources.

According to two sources familiar with the matter, the company aims to raise JPY100bn via a public share offering, and JPY70bn through subordinated loans from banks. Sumitomo Mitsui Financial Group, the state-backed Development Bank of Japan, and other banks will offer the loans.

The automaker stated that it has not taken an official decision.

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Publication:Auto Business News (ABN)
Date:Feb 21, 2012
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