Nissan Sells $8 Billion of Dollar Debt in Landmark Debt Deal
- Sale adds to record dollar note sales from Asian borrowers
- Company may also offer debut three-part euro deal on Friday
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Nissan Motor Co. raised $8 billion in its first non-convertible dollar bond sale in at least two decades, in one of the biggest ever deals in Asia.
The Japanese carmaker sold the dollar securities in four parts, and may debut a public euro note offering as soon as Friday, according to people familiar with the matter. The fundraising comes after Nissan recorded its biggest loss in about 20 years, and underscores broader strength in global credit markets after a rally sparked by monetary stimulus from March.