Nissan plans to raise $7 billion through multiple channels, including a syndicated loan guaranteed by the British government

Documents show that Nissan plans to raise more than 1 trillion yen ($7 billion) through debt and asset sales to maintain normal operations. The company will have a large loan due next year.

The troubled Japanese automaker plans to issue up to 630 billion yen in convertible securities and ordinary bonds, including high-yield US dollar and euro bonds, according to documents. Nissan also plans to seek a 1 billion pound ($1.4 billion) syndicated loan guaranteed by the UK Export Finance Agency.

In addition, Nissan is also seeking to sell part of its stake in Renault, battery maker AESC, and factories in South Africa and Mexico. Sale and leaseback plans for its Yokohama headquarters and properties in the United States may also be implemented.

These aggressive and extensive financing plans highlight Nissan's rapidly deteriorating financial and operating conditions despite new CEO Ivan Espinosa's efforts to turn the company around. Nissan’s chief executive presented the proposals to the board earlier this month, with the goal of securing some funding in the quarter ending June 30, the people said.

The financing proposals do not appear to have been approved by Nissan’s board yet, so it is unclear whether they can be implemented, the people said. They declined to be named because the details are confidential. The proposals would also include some debt rollovers.

A Nissan representative did not immediately respond to a request for comment. A spokesman for UK Export Finance said in a statement that the agency “does not comment on speculation around specific transactions.”