CEO admits $4 billion bond sale at 8.125% - highest rate ever for desperate refinancing
Key Points
- Nissan is offering an unprecedented 8.125% interest on $4 bi...
Nissan just announced it's willing to pay 8.125% interest on $4 billion worth of bonds – the highest coupon rate in the company's history. When a major automaker starts offering interest rates that would make credit card companies blush, you know things are getting spicy.
The timing couldn't be more telling. Nissan reported a net loss of 670.9 billion yen for the fiscal year ending March 2025, which roughly translates to "we're hemorrhaging money faster than a day trader on margin." Both Moody's and S&P have kicked the company down to junk status, meaning investors now view Nissan bonds about...
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