Huge blowout as Nissan tries to push investors out on curve

Nissan from Adobe 200911 575x375
By Jon Hay
11 Sep 2020

Nissan Motor made its debut in the European bond market on Friday with a €2bn deal that investors would have liked larger and differently shaped, just a day after it had issued its first ever foreign currency bond, for $8bn.

For much of the spring and early summer Europe's bond market was almost devoid of car makers' bond issues, as market participants wondered whether this sector, hit very hard by the Covid-19 shutdowns, could access the market.

But issuance has resumed and it is a measure of how strong ...

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