Nissan plans $7 billion funding, backed partly by UK government, Bloomberg News says
TOKYO :Japanese automaker Nissan is considering raising more than 1 trillion yen ($7 billion) by issuing convertible securities and bonds, as well as a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday.
Japan's third-biggest automaker plans to issue as much as 630 billion yen in convertible securities and bonds, including high-yielding U.S. dollar and euro notes, Bloomberg News said, citing documents it had seen about the matter.
Nissan is also considering taking out a 1 billion pound ($1.35 billion) syndicated loan, guaranteed by UK Export Finance, the report said.
Nissan spokespeople did not immediately respond to a request for comment.
Its shares rose following the report, and were last trading up about 1 per cent after giving back some of their gains.
($1 = 144.5700 yen)
($1 = 0.7421 pounds)
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