Nissan Motor is undertaking a substantial bond issuance to support its financial turnaround under new CEO Ivan Espinosa. Initially planning to raise $1.04 billion through convertible bonds, the company increased the convertible bond issuance to 200 billion yen (approximately $1.4 billion) due to strong investor demand. In total, Nissan aims to raise around 860 billion yen ($4.5 billion) through the sale of dollar- and euro-denominated bonds, including both convertible and straight bonds. This fundraising effort is intended to address large debt maturities, including about 558 billion yen in bond redemptions this fiscal year, and to finance investments in electric vehicle development. Nissan reported a net loss of 670.8 billion yen in the fiscal year ending March 2025, marking its third-largest loss historically. The automaker has offered record-high coupons on some bond tranches to attract investors amid its financial challenges. Overall, Nissan has raised approximately $5.9 billion in this recent bond issuance, contributing to an estimated $10 billion raised over the past four quarters.