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

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

20190822N Nissan autonomous vehicle leaf REUTERS

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

TATSUYA OKADA and HIROFUMI TAKEUCHI, Nikkei staff writers

August 23, 2019 01:08 JST

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.