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Automobiles

Nissan to raise up to 500 billion yen in first bond issue in 4 years

Automaker secures liquidity in response to pandemic and sales slump

Nissan is struggling with decreasing car sales amid the coronavirus pandemic. The company has prepared structural reform plans including a steep cut in global production capacity.   © Reuters

TOKYO -- Nissan Motor has registered with the Japanese government to issue up to 500 billion yen ($4.7 billion) in bonds within two years to prepare for a possible deterioration of earnings by increasing funds on hand.

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