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Nissan to raise $940m with first bond offering in 3 years

Automaker to invest in new tech as it makes progress on corporate reform

Nissan will spend funds raised from bonds on developing self-driving vehicles, like this one for the Easy Ride service.   © Reuters

TOKYO -- Nissan Motor will soon issue nearly 100 billion yen ($939 million) in bonds, its first market fundraising in three years, concluding that progress in corporate reform will help repair the investor trust damaged by the arrest of then-Chairman Carlos Ghosn.

The automaker filed Tuesday for shelf registration with the finance bureau serving the Tokyo area. The filing shows that it intends to issue 250 billion yen of bonds in total over the next two years, including the upcoming 100 billion yen offering.

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