Nissan says $5.9bn bond offering is oversubscribed
YUICHI SHIGA
TOKYO -- Japanese auto maker Nissan Motor has raised a total of 860 billion yen ($5.9 billion) from the sale of bonds to finance the redemption of maturing debt and invest in new technologies, including electrification and software.
The transaction is part of a broader effort by the company to strengthen its finances and turn around its business performance, as it embarks on a restructuring plan called Re:Nissan.
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This material may not be published, broadcast, rewritten or redistributed without permission.
