Nissan to issue euro-denominated senior notes in dual-tranche offering

TOKYO - Nissan Motor Co., Ltd. (TYO:7201) announced Monday it plans to issue euro-denominated senior notes in a dual-tranche offering, with maturities set for 2029 and 2033. The Japanese automaker has appointed Morgan Stanley & Co (NYSE:MS). International PLC as the Coordinating Stabilisation Manager for the transaction.

According to a regulatory filing, the stabilisation period is expected to begin on July 7, 2025, and end no later than August 16, 2025, which is 30 days after the proposed issue date of the securities.

The aggregate nominal amount and specific interest rates for both tranches have not yet been determined, with the offer price still to be confirmed. The notes will be listed on the Luxembourg Stock Exchange.

The stabilisation manager may over-allot the securities to the extent permitted by applicable law and conduct transactions to support the market price of the securities during the stabilisation period. Such actions would aim to maintain the securities’ price at levels higher than might otherwise prevail, though stabilisation is not guaranteed to occur.

The offering is directed at qualified investors outside the United States, as the securities will not be registered under the U.S. Securities Act of 1933. In the United Kingdom (TADAWUL:4280) and European Economic Area, the offering is limited to qualified investors as defined by relevant regulations.

This planned debt issuance comes as global automakers seek financing for operations and investments amid industry-wide transitions toward electrification and advanced technologies.

The information was disclosed in a regulatory announcement published by the London Stock Exchange (LON:LSEG)’s news service.

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