Nissan Motor Bonds Raise 850 Billion Yen Prepared for Prolonged Corona Impact 7:20 on September 12
It turns out that Nissan Motor is preparing to raise a large-scale fund of about 850 billion yen by issuing new corporate bonds.
The aim is to secure the necessary funds in anticipation of the prolonged effects of the new coronavirus.
Sales of Nissan Motor Co., Ltd. have fallen sharply in Japan and overseas due to the impact of the new coronavirus, and the final deficit of 670 billion yen is expected for this year's earnings forecast.
Under these circumstances, Nissan is preparing to issue new corporate bonds next week to raise $ 8 billion and about 850 billion yen in Japanese yen, according to people familiar with the matter.
Nissan has received a government-guaranteed loan of more than 100 billion yen from the Development Bank of Japan, and has raised a total of more than 890 billion yen from banks by July this year. "We have secured the necessary funds for the time being," he said.
However, since the effects of the new coronavirus may be prolonged in the future, we will issue corporate bonds at a time when the financial markets are not in great turmoil, and we will increase the funds for structural reforms to rebuild our business and management. It means that there is an aim to secure it.