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Nissan ups convertible bond offering to JPY200bn

July 8, 2025 at 03:39 AM UTCBy FilingReader AI

Nissan Motor Co., Ltd. announced an increase in the aggregate principal amount of its convertible bonds due 2031 to JPY200 billion, up from the previously planned JPY150 billion. The decision was made following strong investor demand identified during the book-building process. The bonds, which come with stock acquisition rights, were initially disclosed on July 7, 2025. Nissan estimates net proceeds from the sale will be approximately JPY199.9 billion after expenses. The proceeds are earmarked for investment in new products and technologies, including electrification and software-defined vehicles, with a target completion date of fiscal year 2030. These investments aim to facilitate the company's "Nissan Ambition 2030" plan. Nissan anticipates minimal impact on its consolidated financial results for the current fiscal year from this change.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:7201Tokyo Stock Exchange

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