MTFG to swap Y130 bln MMC debt into stock-sources

Newswire

TOKYO, May 19 (Reuters) - Two of Mitsubishi Motors Corp's creditors in the Mitsubishi group will decide as early as Wednesday to swap 130 billion yen ($1.14 billion) of debt owed by the auto maker into equity, Mitsubishi group sources said. The Bank of Tokyo-Mitsubishi (BTM) and Mitsubishi Trust & Banking Corp, both part of the Mitsubishi Tokyo Financial Group , have outstanding loans of under 200 billion yen to Mitsubishi Motors. BTM will swap 90 billion yen and Mitsubishi Trust ...

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