YOKOHAMA, Japan – Nissan Motor Co., Ltd. has successfully priced its US dollar-denominated and euro-denominated bonds, as well as yen-denominated convertible bonds (collectively the “Bonds”), to further enhance liquidity in its automotive business to support the medium and long-term strategies. The total funds raised from the Bonds amounted to approximately 860 billion yen consisting of approximately 660 billion yen for the US dollar-denominated and euro-denominated bonds combined and 200 billion yen in convertible bonds. Nissan’s bond offering was oversubscribed, reflecting the confidence of investors in the Re:Nissan recovery plan. The funds were raised in the longer tenors (4-year to 10-year tenors) to support Nissan’s medium to long-term plans.
Nissan intends to use the net proceeds raised through the US dollar and euro offerings for general corporate purposes and upcoming bond maturities including those in fiscal year 2025. The net proceeds from the convertible bonds are intended to be used by fiscal year 2030 for investments in new products and technologies such as electrification and software-defined-vehicles. The company will continue to strengthen its financing capabilities and maintain strong liquidity in its automotive business to support the goals in Re:Nissan.
This press release has been prepared for the sole purpose of publicly announcing the issuance of the Bonds, and not for the purpose of soliciting investment in the Bonds. No offer or sale of the Bonds will be made in Japan. This press release does not constitute an offer to purchase or subscribe for, or the solicitation of an offer to purchase or subscribe for, the Bonds or the shares of common stock of the Company (the “Common Stock”) in the United States or in any jurisdiction in which such offer or solicitation is unlawful. In particular, the Bonds and the shares of Common Stock issuable upon exercise of, or upon acquisition by the Company of, the stock acquisition rights of the yen-denominated convertible bonds have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any relevant securities laws of any state or other jurisdictions of the United States, and any such Bonds or shares of Common Stock may not be offered or sold within the United States, except pursuant to registration or an applicable exemption from, or transactions not subject to, the registration requirements of the Securities Act and in compliance with any applicable state or local securities laws. No public offering of the Bonds or the shares of Common Stock will be made in the United States.
