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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nissan Motor Co., Ltd.    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 10/23
387.9 JPY   +1.97%
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Nissan to issue $8 billion in dollar-denominated debt

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09/11/2020 | 10:53am EDT
FILE PHOTO: The brand logo of Nissan Motor Corp. is seen at the front nose section of the company's new Ariya all-battery SUV during a press preview in Yokohama

Japan's Nissan Motor Co will issue $8 billion in dollar-denominated debt and is considering euro-denominated bonds, it said on Friday, as the troubled automaker looks to diversify its funding.

The bond sale is its first dollar-denominated issuance since its tie-up with France's Renault in 1999, a Nissan representative said.

It comes as investors have expressed deepening concern about Nissan, which has warned of a record $4.5 billion loss this year as the pandemic hampers its turnaround efforts.

Separately, IFR reported Nissan would sell some 2 billion euros ($2.37 billion) in euro-denominated debt. A Nissan spokeswoman said an issuance was under discussion, without confirming the figure.

The company will sell a $1.5 billion, 3-year bond with a coupon of 3.043%, and a $1.5 billion, 5-year bond with a coupon of 3.522%, according to IFR.

Its $2.5 billion, 7-year bond carries a coupon of 4.345% and another $2.5 billion bond, a 10-year, carries a 4.81% coupon, IFR said.

Nissan had pledged to cut 300 billion yen ($2.83 billion)from annual fixed costs and become a smaller, more efficient company. Japan's second-largest carmaker is trying to recover from a rapid expansion that has left it with dismal margins and an ageing portfolio.

Its business has also been rocked by the arrest of long-time boss Carlos Ghosn.

(Reporting by Noriyuki Hirata; writing by David Dolan; editing by Alex Richardson, Jason Neely and Emelia Sithole-Matarise)


Stocks mentioned in the article
ChangeLast1st jan.
HIRATA CORPORATION -0.15% 6550 End-of-day quote.-7.36%
NISSAN MOTOR CO., LTD. 1.97% 387.9 End-of-day quote.-39.02%
RENAULT -0.48% 24.77 Real-time Quote.-41.28%
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Financials
Sales 2021 7 711 B 73 625 M 73 625 M
Net income 2021 -558 599 M -5 334 M -5 334 M
Net Debt 2021 6 289 B 60 046 M 60 046 M
P/E ratio 2021 -2,71x
Yield 2021 -
Capitalization 1 518 B 14 487 M 14 493 M
EV / Sales 2021 1,01x
EV / Sales 2022 0,89x
Nbr of Employees 136 134
Free-Float 45,6%
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Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 431,11 JPY
Last Close Price 387,90 JPY
Spread / Highest target 282%
Spread / Average Target 11,1%
Spread / Lowest Target -48,4%
EPS Revisions
Managers
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Yasushi Kimura Chairman
Ashwani Gupta COO & Representative Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Anthony Thomas Chief Information Officer
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