Latest news with #convertibleSecurities
Reuters
28-05-2025
- Automotive
- Reuters
Nissan plans $7 billion funding, backed partly by UK government, Bloomberg News says
TOKYO, May 28 (Reuters) - Japanese automaker Nissan (7201.T), opens new tab 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% after giving back some of their gains. ($1 = 144.5700 yen) ($1 = 0.7421 pounds)
Bloomberg
28-05-2025
- Business
- Bloomberg
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.
