Nissan Set to Raise $4.5 Billion From Selling Dollar, Euro Bonds

Nissan Motor Co. launched a $4.5 billion sale of dollar- and euro-denominated bonds as the automaker seeks to recover from a massive annual loss that forced it to offer a record-high coupon for one of the tranches.

The coupon for its €1.3 billion ($1.5 billion) of four- and eight-year euro maturities are set to be 5.25% and 6.375%, according to a person with knowledge of the matter who asked not to be identified. Nissan’s planned $3 billion of five-, seven- and 10-year notes launched at respective yields of yields of 7.5%, 7.75% and 8.125%.