ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Takata defaults on $270m in debt

What investors recover to hinge on recall costs, split with automakers

| Japan

TOKYO -- With its filing for bankruptcy protection Monday, air bag supplier Takata fell into default on 30 billion yen ($268 million) in domestic corporate bonds.

The debt consists of three issuances of 10 million yen. The old Elpida Memory defaulted on its publicly offered bonds in February 2012.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more