Nissan Plans $7 Billion Funding With Backing From UK Government
Nissan Motor Co., facing a huge loan repayment wall next year, is seeking to raise more than ¥1 trillion ($7 billion) from debt and asset sales to keep operations on track, according to documents seen by Bloomberg News.
The struggling Japanese automaker plans to issue as much as ¥630 billion in convertible securities and bonds, including high-yielding US dollar and euro notes, the documents show. Nissan also plans to take out a £1 billion ($1.4 billion) syndicated loan, guaranteed by UK Export Finance.
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