Toshiba to raise $5b
Monday, 20 April 2009
TOKYO, Apr 19 (AFP): Japan's electronics giant Toshiba Corporation plans to raise around five billion dollars (500 billion yen) in a bid to reverse its worsening financial situation, news reports said Saturday.
Toshiba is considering procuring 300 billion yen in capital through a public stock offering, the Nikkei business daily and Kyodo News reported, quoting industry sources.
The company will also ask banks and other financial institutions to buy subordinated bonds worth 200 billion yen by September, the sources were quoted as saying.
Toshiba is considering procuring 300 billion yen in capital through a public stock offering, the Nikkei business daily and Kyodo News reported, quoting industry sources.
The company will also ask banks and other financial institutions to buy subordinated bonds worth 200 billion yen by September, the sources were quoted as saying.