TOKYO, June 26 (Reuters) - Nissan Motor Co , Japan's third-largest automaker, is considering issuing 50 billion to 70 billion yen ($424 to $593 million) in seven-year domestic straight bonds (SB), market sources said on Thursday.
Nissan spokesman Gerry Spahn said he could not confirm the issuance, but added: "We are continuously looking to raise money in the debt market, which we can do at a low cost today."
He added that any debt issuance would be used to roll over maturing bonds and for investment to expand its business.
Nissan, owned 44.4 percent by France's Renault has a debt rating of Baa3 at Moody's Investors Service, BBB at Standard and Poor's, and A- at Japan's Rating and Investment Information (R&I). ($1=117.94 Yen)