Nissan to issue debt bonds for the first time in 20 years

Nissan will issue $ 8 billion in debt bonds, according to the Japanese newspaper Nikkei. Nissan last placed bonds in 1999, before the alliance with French Renault

The bonds will be issued on September 17 and will be carried out in installments: two for $ 1.5 billion (one for three years, the other for five years) and two for $ 2.5 billion (one for seven years, the other for ten). Since the beginning of the 2020 fiscal year, that is, from the calendar April, Nissan has already attracted 900 billion yen ($ 8.5 billion) of loans. It also received 180 billion yen ($ 1.7 billion) in loans from the Japan Development Bank, of which 130 billion yen were guaranteed by the Japanese government.

Nissan has been experiencing financial difficulties since the beginning of 2019, that is, after the famous manager Carlos Ghosn was scandalously removed from his posts as the head of Nissan, Renault, Mitsubishi and the alliance as a whole. At the end of 2018, Ghosn was arrested by the Japanese authorities on charges of financial fraud as chairman of the board of directors of Nissan from 2010 to 2018. In April 2019, he was released from prison and placed under house arrest on bail; at the end of 2019, Ghosn escaped from arrest and has since been in his historical homeland – Lebanon.