The coupon rate for bonds totaling €1.3 billion, set to mature in four to eight years, will range from 5.25% to 6.375%, according to Bloomberg, which cites sources. Dollar bonds with maturities of five years, seven years, and ten years, amounting to $3 billion, will be issued at annual rates of 7.5%, 7.75%, and 8.125%, respectively.
This represents a highest coupon rate for Nissan. The former record was established in 1986, when the car manufacturer issued 10-year dollar bonds at 7.5%.
The firm plans to allocate the funds from the bond issuance to reorganize its debt, which has increased following a significant loss in the previous fiscal year.
Nissan’s market value has fallen by nearly 37% from the start of 2025.
source: bloomberg.com
