Nissan to raise 1 tril. yen by issuing debt, selling assets: source

Ailing Nissan Motor Co. is planning to raise around 1 trillion yen ($7 billion) by issuing corporate bonds and selling assets to secure funds as it approaches a massive bond redemption, a company source said Wednesday.Nissan and its affiliated companies face the redemption of roughly 780 billion yen in corporate bonds during the current fiscal year through March. It also requires funds to cover costs related to plant closures and other restructuring measures.The source said the fund-raising plan was explained to directors by executive officers. The company aims to secure a portion of the fu…READ FULL ARTICLE