(Adds Nissan comments, background)
TOKYO, Sept 20 (Reuters) - Troubled Japanese truck maker Nissan Diesel Motor plans to request 106 billion yen ($930 million) in financial aid from Nissan Motor and other lenders, the Nihon Keizai Shimbun daily said on Saturday.
Nissan Diesel, owned 22.5 percent by Nissan Motor, is saddled with interest-bearing debt of 390 billion yen -- roughly equalling last year's revenue -- left over from the bubble years, after which domestic truck demand plummeted with the economy.
Nissan Motor has been cautious about providing aid to the truck maker. It would be asked to provide 25 billion yen under a restructuring plan likely to be announced later this month, the paper said, including swapping 16 billion yen in loans and other claims into stock.
A spokesman at Nissan Motor did not rule out a debt-equity swap, but repeated the auto maker's stance that Nissan Diesel's balance sheet was an issue to be settled by the truck maker and its creditor banks. He added that Nissan had no intention of increasing its exposure to the company.
"Our stance hasn't changed, and I don't see anything happening for weeks, if not months," Nissan spokesman Gerry Spahn said. "We're not going to rush into anything that's not beneficial to Nissan and its shareholders."
Nissan Motor already has a 20 to 30 billion yen exposure to Nissan Diesel in various forms, including equity, convertible bonds and debt guarantees.
A Nissan Diesel spokesman said the company had no comment. Earlier this week, the truck maker said it was considering various options to improve its balance sheet.
Under the plan, main lenders Mizuho Corporate Bank, Mizuho Trust & Banking Co -- both part of Mizuho Financial Group -- and Resona Bank would also convert 90 billion yen in loans into stock, the paper said.
Nissan Diesel owes Mizuho Corporate Bank about 95 billion yen, Mizuho Trust 25 billion yen and Resona 45 billion yen.
In return, Nissan Diesel, also owned 22.5 percent by France's Renault , would sell assets including 95 billion yen in loans as part of an effort to cut its interest-bearing debt by three quarters by fiscal 2008, the report said.
Since hitting an all-time low of 62 yen last October, Nissan Diesel's shares have nearly quadrupled to 228 yen as of Friday, mainly due to a surge in truck sales on replacement buying before stricter emissions regulations are introduced in parts of Japan this autumn. ($1=114 Yen)