Advertisement

Business

Toyota to issue $740.5 million worth of sustainable bonds

Toyota to issue $740.5 million worth of sustainable bonds

FILE PHOTO: The Toyota logo is seen at a booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. REUTERS/Aly Song/File Photo

26 May 2023 12:51PM (Updated: 26 May 2023 12:55PM)

TOKYO : Toyota Motor Corp said on Friday it will issue 100 billion yen ($740.5 million) worth of sustainable bonds.

The world's largest automaker by sales said it would use the money raised through the bonds for research and development as well as capital investment for battery electric vehicles and fuel-cell electric vehicles and their components, among others.

($1 = 135.0500 yen)

Source: Reuters

Advertisement

Also worth reading

Advertisement