Mexican Media Brands
Nissan Plans First Bond Sale in 3 Years
Nissan Motor Co. has filed regulatory papers signaling its plan to issue 100 billion yen ($940 million) in bonds.
#economics #regulations
Share
Nissan Motor Co. has filed regulatory papers signaling its plan to soon issue 100 billion yen ($940 million) in bonds, The Nikkei reports.
The bond float will be Nissan’s first in three years. It comes as Nissan implements a major restructuring program after its profit plummeted 95% in its fiscal first quarter ended June 30.
Nissan says it will spend the proceeds from the bond sale to fund advanced powertrains and autonomous vehicle development, upgrade plant equipment and retire debt.
The Nikkei says Nissan’s filing indicates it may offer another 150 billion yen worth of bonds over the next two years.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.