Lenders to provide $1.3 bln in subordinated loans to NEC -sources

TOKYO, April 26 Fri Apr 26, 2013 12:59am EDT

TOKYO, April 26 (Reuters) - Lenders including Sumitomo Mitsui Banking Corp and Development Bank of Japan have decided to provide about 130 billion yen ($1.3 billion) in subordinated loans to the electronics company NEC , people familiar with the matter said on Friday.

NEC is expected to announce the funding deal when it unveils its medium-term business plan later in the day, said the sources, who were not authorised to discuss the matter publicly.