Toyota to Raise $4.7 Billion in ESG Debt to Fund Futuristic Hub
- Proceeds to be used for projects including zero-emission cars
- Japan ESG bond sales have jumped to record so far in 2021
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Toyota Motor Corp. said it plans to sell as much as 500 billion yen ($4.7 billion) in yen and foreign currency sustainability bonds, in what would be one of the biggest offerings globally in the booming market to fund environmental and social projects.
The proceeds from the sale of what Toyota is calling “Woven Planet Bonds” will be used for projects such as the development of zero emission and assisted mobility vehicles, and increased use of renewable energy, the Japanese automaker said in a statement.