Nissan CDS Jumps to 16-Year High on $4 Billion Foreign Bond Plan

Nissan Motor Co.’s credit-default swaps widened to the highest level since 2009 after the automaker began preparing a $4 billion foreign-currency bond sale, stoking concerns about rising interest expenses.

Nissan’s five-year CDS rose to about 388 basis points at 5:30 a.m. in Tokyo Tuesday, up from 375 a day earlier, data compiled by Bloomberg show.