Nissan Motor, currently facing management difficulties, announced on July 11 that it has raised 860 billion yen (approximately 8 trillion won) through a corporate bond issuance.
The issued corporate bonds consist of 600 billion yen in ordinary bonds and 200 billion yen in convertible bonds with warrants (CB).
Nissan stated that the funds raised will be used either to repay bonds maturing soon or as capital for technology development.
Regarding this, Kyodo News reported, "Amid worsening business performance, Nissan faced the challenge of securing funds to repay approximately 550 billion yen in bonds maturing in fiscal year 2025."
Nissan is experiencing management difficulties, including posting a large-scale deficit in fiscal year 2024 (April 2024 to March 2025), and is currently pursuing a global workforce reduction of 20,000 employees and the closure of seven plants.
At last month's shareholders' meeting, Nissan also projected an operating loss of around 200 billion yen (approximately 1.8 trillion won) for the second quarter of this year (April to June).
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