No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Nissan Motor Co is reportedly looking to raise more than 1 trillion yen ($7bn) from debt and asset sales to keep operations on track.
According to internal documents seen by Bloomberg News, the Japanese car maker plans to issue as much as 630bn yen in convertible securities and bonds, including high-yielding US dollar and euro notes.
Nissan also plans to take out a 1bn ($1.4bn) syndicated loan, guaranteed by UK Export Finance, Bloomberg said. Nissan operates Britain's largest automaking hub, in Sunderland.
In addition, Nissan is seeking to sell part of the 15% stake it owns in Renault and the equity interest it has in battery maker AESC Group, as well as plants in South Africa and Mexico.
Sale-and-lease-back plans for its Yokohama headquarters, plus properties it owns in the US, are also reportedly on the cards.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.