Nissan Set to Raise $10.4 Billion in Two-Day Global Funding Rush
- Carmaker selling 2 billion-euro trio of bonds amid high demand
- Offer follows $8 billion sale as automaker boosts finances
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Nissan Motor Co. is set to price its debut public euro bond sale, capping a $10.4 billion global fundraising drive by the loss-making automaker.
The company will sell a 2 billion-euro ($2.4 billion) trio of bonds, after drawing orders more than six times the deal size, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. Pricing tumbled on all three tranches during the sale, led by a 60 basis-point plunge for a three-year note.