Rather than stepping in to guarantee the share issue, the company has reportedly offered to lend money to Kvaerner, using a financial vehicle called a convertibleloan.
BBC: Kvaerner's banks offer life-line
2.
Sharp is on financial life support, having just been granted a JPY 100 billion bank loan that will be used to redeem maturing convertible bonds.
FORBES: Whither Japan Stocks: Investors Saying 'Show Me Growth'; Sharp On Life Support