Nissan Poised to Offer Record-High Coupon in $4B Bond Sale

Nissan Motor Co. is expected to sell some of its upcoming $4 billion foreign-currency bonds at a record-high coupon, piling more pressure on the struggling Japanese automaker as it seeks to turn around its business.

The 10-year dollar notes are being marketed at a yield of around 8.125%, according to people familiar with the matter. Its previous highest coupon was 7.5% on a 10-year bond issued in 1986, data from Bloomberg shows. Final pricing is expected later today.