A pair of Japanese banks are considering a 100 billion yen bailout loan to Sharp, to help it meet an upcoming bond redemption. The electronics manufacturer has nearly 200 billion yen in convertible bonds, similar to Apple's current offering, maturing in September. Lenders Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi UFJ are also giving Sharp an extension on 360 billion yen in lending that matures in June. The offerings by the banks puts Sharp in the red to the two banks to just over 800 billion yen.
