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Nissan shares walloped after it boosts planned issuance of convertible bonds

Reuters
Summary
Nutrition label

77% Informative

Nissan Motor tumbled more than 6% on Tuesday , extending declines into a second day after it expanded an issuance of convertible bonds.

The automaker cited robust demand for the six-year bonds during book building as the reason for increasing the offering to 200 billion yen ( $1.4 billion ) The stock finished down 6.4% at 315.5 yen in Tokyo trade, adding to a 4.9% drop on Monday when Nissan announced the issue.

VR Score

89

Informative language

96

Neutral language

39

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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