According to Bloomberg, the market is currently concerned about Nissan Motor Co., which is increasing, because the company has one year to solve its financial issues, and will then usher in a record -record bond.
Nissan will have a debt of about $ 1.6 billion next year, a slight decrease from this year, but by 2026, its debt will surge to about $ 5.6 billion, which is the highest value of Bloomberg’s assembly data since 1996. Nissan car expired in 2026 includes yen, dollar and euro debt.
As the cost of debt default insurance for Nissan rose to the highest point since March 2023, the yield premium of the yen and USD bonds also rose to the highest level this year, and the bond repayment of Hongfeng is coming.
Nissan Automobile spokesman Shiro Nagai said that as of the end of September this year, Nissan’s auto business had a net cash of more than 1.3 trillion yen (about 8.3 billion US dollars), with sufficient liquidity. Shiro Nagai also said that Nissan Motor also signed a credit agreement with major international banks to provide funds for automobile business and automobile sales financial business. As of the end of September this year, Nissan’s available funds have exceeded 1.9 trillion yen.
Shiro Nagai said that Nissan car repay debts in the next five years, including the cash flow of automobile business, the dividend and new debt issuance generated by the car sales financial business of the car business. Shiro Nagai added that the above -mentioned bond data does not include securities with asset guarantees.
However, a worrying problem is that from April to September this year, the liberal cash flow of the Nissan automobile department (can be used to invest or increase the return of shareholders) has appeared deficit. The rating agency stated that Nissan’s deficit during these six months exceeded 440 billion yen because the company’s profit decline and increased investment burden. Autonomous driving technology.
At the same time, Nissan’s loan amount is also the largest among Japanese auto manufacturers. According to data compiled by Bloomberg, in the third quarter of this year (July to September), the interest rate of Nissan’s interest tax depreciation and the lending profit margin before the amortization was 8. In contrast, Toyota Motors was 4.9 and Honda Motors was 4.7. The average value of the company in the Nikkei 225 Index (Nikkei 225 Stock Average) is 3.3.
CMA data shows that earlier this month, the insurance cost of the default of Nissan’s car debt rose to about 178 basis points, the highest since March 2023.
Similar changes have occurred in bond prices. Nissan’s 2030 USD bonds with a rate of 4.81%jumped to up to 234 basis points, which increased by 50 basis points from this year. Data compiled by Bloomberg News show that the yield premium premium of the yield yield of yen bonds issued by 0.7%of the 2027 -issued yield issued by Nissan also jumped from about 51 basis points to about 80 basis points from this year’s low point.
What is even more worrying is that Nissan is facing anti -winds in its main market. The next President Trump in the United States said he hopes to take crackdown measures on car manufacturers who built factories in Mexico to impose more than 200%tariffs on cars imported from Mexico. Mexico is an important manufacturing base and market for Nissan. Trump also claims to raise import tariffs on other countries.