Toyota Bonds Meant to Drive More Green Car Sales

Toyota bonds to fund green car sales

In an industry first, Toyota has issued $1.75B in “green” bonds. The bond’s proceeds will be used to help Toyota acquire retail installment sale and lease contracts which will finance the development of new Toyota, Lexus, and Scion-branded hybrid and hydrogen-fueled vehicles.

You can read more about this clever, industry-first means of raising capital below, in an article, written by James Lester, that originally appeared on our sister site, Cleantechnica. Enjoy!

 

Toyota Issues Green Bonds To Drive Efficient Vehicles

Toyota Issues Green Bonds To Drive Efficient Vehicles (via Clean Technica)

By James Lester Toyota recently issued the world’s first “green bond” of asset-backed securities in the auto industry. The $1.75 billion bond’s net proceeds will be used to acquire retail installment sale contracts and lease contracts to…

 

Jo Borrás

I've been in the auto industry 1997, and write for a number of blogs in the IM network. You can also find me on Twitter, at my Volvo fansite, or chasing my kids around Oak Park, IL.