Nissan Raises Up to $5.9B in Bond Sale

Nissan Motor has raised between $4.5 billion and $5.9 billion through a major multi-currency bond issuance in U.S. dollars and euros to refinance existing debt and invest in new technologies, particularly electrification. The offering included both senior unsecured and convertible bonds, with coupon rates as high as 8.125% on a 10-year dollar tranche due to Nissan's downgraded 'junk' status by major credit agencies. Despite concerns about its financial health and strategic direction, investor demand was strong, totaling around $11 billion. Proceeds from the bonds will be used for general corporate purposes, debt redemption, and investments in future vehicle technologies. The bond sale is part of Nissan's broader strategy to raise over ¥1 trillion ($6.8 billion) to support its turnaround after recent losses. This move is aimed at strengthening Nissan's liquidity and supporting its recovery and innovation plans.