Toyota has issued the bonds in US dollar-denominated sums for the first time in two years, which it plans to use in support of its environmental and social projects as well as the development of upcoming EVs.
The manufacturer has priced US$1.5 billion in sustainability bonds in three parts, the report cites a person with knowledge of the matter as saying. Book orders were said to be valued at over US$6 billion as of last Thursday, according to the source.report, the three parts of the sustainability bonds will be in three-year, five-year and 10-year terms, with yields of 5.275%, 5.118% and 5.
123%, respectively; these bonds received an A1 credit rating from Moody’s Investors Service, theToyota has issued its sustainability bonds under the Woven Planet Bond banner since 2021, the proceeds from which it plans to use to support environmental and social projects, in addition to the aforementionedIn 2021, Toyota issued 430 billion yen in sustainability bonds, and this issuance was split between dollar- and yen-denominated notes.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two new Hyundai EVs to be launched in Indonesia next year; could use batteries produced locally - paultan.orgHyundai will be launching two of its electric vehicle models in Indonesia next year, reports CNN Indonesia, and these two models will be produced at the carmaker’s factory in Bekasi, Indonesia. The Korean brand had …
Read more »
Singer Coco Lee’s funeral fixed for July 31, body to be cremated on August 1 (VIDEO)KUALA LUMPUR, July 17 — The funeral of Chinese-American singer-songwriter Coco Lee has been fixed for July 31 with the cremation set for the following day. Taking to her social...
Read more »
Singer Coco Lee’s funeral to take place on July 31, cremation on August 1KUALA LUMPUR, July 17 — The funeral of Chinese-American singer-songwriter Coco Lee has been fixed for July 31 with the cremation set for the following day. Taking to her social...
Read more »
China foreign minister calls on India to meet ‘halfway’ on border issue | The Malaysian InsightIts ministry says both countries have agreed to hold talks on disputed territories ‘as soon as possible’.
Read more »
State polls: No issue that Umno is contesting over 100 seats, says Amanah deputy presidentJOHOR BARU: There is no issue with Umno contesting more than 100 seats in the upcoming state elections, says Datuk Seri Salahuddin Ayub.
Read more »