US EditionNissan to Raise 1 Tril. Yen by Issuing Debt, Selling Assets: Source
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Nissan to raise ¥1 tril by issuing debt, selling assets
Ailing Nissan Motor Co is planning to raise around 1 trillion yen by issuing corporate bonds and selling assets to secure funds as it approaches a massive bond redemption, a company source said Wednesday. Nissan and its affiliated companies face the redemption of roughly 780 billion yen in corporate bonds…
Nissan to raise 1 tril. yen by issuing debt, selling assets: source
Ailing Nissan Motor Co. is planning to raise around 1 trillion yen ($7 billion) by issuing corporate bonds and selling assets to secure funds as it approaches a massive bond redemption, a company source said Wednesday.
Facing its worst financial crisis in decades, Nissan considers selling its global headquarters in Yokohama for approximately $700 million
In the face of an alarming financial situation, the Japanese manufacturer plans to divest its prestigious head office to alleviate its debt and stay afloat. This could well be another hard blow for Nissan, already in trouble for a while. An iconic Nissan asset put on sale? The storm continues to shake Nissan. The Japanese manufacturer, already engaged in a vast cost reduction program, could go as far as selling its Yokohama headquarters to ensur…
Nissan could also sell its building in Japan, where the company is headquartered, to save its existence.
Nissan’s iconic headquarters in Yokohama, a glass tower across from Tokyo Bay, could soon become a symbol of an era coming to an end. With an estimated value of $698 million, the building is on the list of assets for sale as part of a drastic austerity plan that seeks to save the Japanese automaker from the deepest crisis in her recent history. The decision, even in evaluation, reflects the gravity of the moment: Nissan recorded net losses of 67…
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