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Environment

Nidec's $900m green bond to fund its EV-motor ambitions

Japan's largest-ever such float to go toward R&D and capacity expansion

Nidec will use the proceeds from green bond offerings to fund the development of electric-vehicle motors like the one shown above. 

KYOTO, Japan -- Nidec plans to issue 100 billion yen ($916 million) in green bonds to fund the development of electric-vehicle motors in the company's first and the country's largest-ever float of environmental bonds, Nikkei has learned.

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