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
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…