Nissan planning $7bn fundraising, including $1bn UK-backed loan - report

(Sharecast News) - Nissan Motor Co is reportedly looking to raise more than 1 trillion yen ($7bn) from debt and asset sales to keep operations on track. According to internal documents seen by Bloomberg News, the Japanese car maker plans to issue as much as 630bn yen in convertible securities and bonds, including high-yielding US dollar and euro notes.

Nissan also plans to take out a £1bn ($1.4bn) syndicated loan, guaranteed by UK Export Finance, Bloomberg said. Nissan operates Britain's largest automaking hub, in Sunderland.

In addition, Nissan is seeking to sell part of the 15% stake it owns in Renault and the equity interest it has in battery maker AESC Group, as well as plants in South Africa and Mexico.

Sale-and-lease-back plans for its Yokohama headquarters, plus properties it owns in the US, are also reportedly on the cards.