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Finance

Nissan to issue $8bn in US-dollar corporate bonds

Automaker to bolster cash reserves in face of costly reforms and pandemic

The move marks the first time Nissan has issued dollar-denominated bonds since it joined with French automaker Renault in 1999. (Photo by Kosuke Imamura) 

TOKYO -- Nissan Motor will issue $8 billion in U.S. dollar-denominated corporate bonds to offset expected sluggish sales due to the pandemic, hoping to shore up cash reserves to help weather the crisis.

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