Nissan Motor Stock Plummets
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Business & Economics
Nissan shares walloped after it boosts planned issuance of convertible bonds

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.
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