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News // Autos

New Funds For Nissan

15 July 2003 , 11:37460
Nissan Motor Co. issued a seven year bond over 70 billion yen ($595 million) in order to raise cash for expansions.

The bond bears a 1 percent interest coupon and yields 27 basis points more than the yen swap rate.

The funds will enable the company to build new facilities in China and in the US.

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