Nissan has priced JPY 860 billion (US$5.8 billion) in USD- and euro-denominated bonds and JPY-denominated convertible bonds.
Approximately JPY 660 billion (US$4.5 billion) will be issued in USD- and euro-denominated bonds, with the remaining JPY 200 billion (US$1.4 billion) issued in JPY convertibles.
In the oversubscribed offering, bonds were structured in 4- to 10- year tenors to support the company’s medium- to long-term strategies, Nissan said. The offering’s popularity represents investor confidence in its Re:Nissan recovery plan, the firm stated.
Re:Nissan, announced in May, intends to establish a framework to secure profitability and free cash flow in the automotive business by fiscal year 2026.
Net proceeds from the USD- and euro-denominated bonds are expected to be used for general corporate purposes and to finance upcoming bond maturities. Funds raised through the convertible bonds are intended to be used by fiscal year 2030 to support investments in new products and technologies, including electrification and software-defined vehicles.
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