| Nissan is a regular issuer of asset-backed securities. Asset-backed securities are interest bearing securities sold in the public markets through investment bankers. The securities pay interest to the buyers at agreed upon interest rates based on the outstanding amount of the securities. Principal of the securities is repaid to buyers based upon the amortization of the underlying assets. In the case of Nissan, the underlying assets are consumer retail installment and lease obligations purchased by Nissan Motor Acceptance Corporation (NMAC). The securities are rated at the highest levels by Moody's and Standard & Poor's. Performance data on each outstanding issuance is detailed below. Data is updated monthly.
For additional Nissan investor information, visit Global Investor Relations.
|