Nissan Raises $1 Billion in Dollar-Denominated Bond OfferingCharles Mead
Nissan Motor Co., Japan’s second-largest automaker, raised $1 billion in a two-part, dollar-denominated bond offering through its finance unit.
Nissan Motor Acceptance sold $400 million of 1.8 percent, five-year notes that yield 95 basis points more than similar-maturity U.S. Treasuries and $600 million of 1 percent, three-year securities with a 65 basis-point spread, according to data compiled by Bloomberg.
The transaction was doubled from $500 million in earlier discussions, according to a person familiar with the offering who asked not to be identified, citing lack of authorization to speak publicly. Toyota Motor Corp. is Japan’s biggest automaker.