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Nissan to issue US$8 billion in dollar-denominated debt

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Japan's Nissan Motor Co will issue US$8 billion in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the ...

Japan's Nissan Motor Co will issue US$8 billion in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding.

The bond sale is its first dollar-denominated issuance since its tie-up with France's Renault SA in 1999, a Nissan representative said.It comes as investors have expressed deepening concern about Nissan, which has warned of a record US$4.5 billion loss this year as the pandemic hampers its turnaround efforts.

 

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