Nissan (OTC:NSANY) Motor plans to sell $4 billion worth of U.S. dollar- and euro-denominated senior unsecured bonds, according to Reuters on Monday, citing a term sheet.

The Japanese automaker aims to sell five-, seven- and 10-year dollar bonds with a minimum of $750 million in each tranche, according to the Reuters report.

The company has informed potential investors about expected coupons in the mid-7% range for the five-year tranche, high-7% range for the seven-year tranche, and low-8% range for the 10-year tranche, it added.

In addition to the dollar bonds, Nissan plans to issue four- and eight-year euro bonds with a minimum size of 500 million euros ($588.40 million) in each tranche.

Price guidance has been set at high 5% for the four-year bond and high 6% for the eight-year bond.

The company also intends to sell a 150 billion yen ($1.04 billion) six-year convertible bond as part of the fundraising effort.

According to the term sheet, Nissan will use the proceeds from these bond sales to refinance its outstanding debt.