[By Guancha Observer Network, Pan Yuchen, edited by Gao Shen] According to a report by Bloomberg on May 28, Nissan, which is mired in financial difficulties, is considering raising more than 1 trillion yen (approximately RMB 49.38 billion) through loans and asset sales, including syndicated loans guaranteed by the UK government.

According to documents seen by Bloomberg, Nissan plans to issue convertible securities and bonds worth up to 630 billion yen (approximately RMB 31.1 billion), including high-yield US dollar and euro notes.

On the other hand, Nissan is also considering obtaining a syndicated loan of 1 billion pounds (approximately RMB 9.68 billion) guaranteed by the UK Export Finance. The UK Export Finance is a government agency that primarily provides loans and insurance for UK exporters. However, sources familiar with the matter said that Nissan's board of directors appears not to have approved this financing proposal, so it remains unclear whether it will be realized.

Nissan Sunderland Plant, Nissan Motor Corporation

In response to these rumors, a representative of Nissan said that the company does not comment on speculation. The UK Export Finance also said it does not comment on specific transactions.

In addition, Nissan is also considering selling part of its shares in alliance partner Renault and battery manufacturer Envision AESC, and is considering closing two auto assembly plants in Japan and overseas factories in Mexico and South Africa as part of its cost-cutting plan.

According to a Reuters report, Nissan has begun offering buyouts to US workers and suspended performance-based wage increases globally. It is worth noting that the compensation received by four executives who left, including former CEO Makoto Uchida, amounted to 646 million yen (approximately RMB 319.1 million).

After Ivan Espinosa took office as CEO in April, Nissan announced a comprehensive cost-cutting plan, including laying off approximately 15% of employees and reducing the number of global auto plants from 17 to 10. Since then, Nissan has been on the path of saving costs and raising funds.

This article is an exclusive contribution by Guancha Observer Network and cannot be reprinted without permission.

Original source: https://www.toutiao.com/article/7509704500102316584/

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