Toyota to issue $1.5bn in bonds for EV, safety projects

Automaker's first sustainability dollar notes in 2 years carry higher yields

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Toyota Motor has issued sustainability bonds under the name "Woven Planet Bond" since 2021. © Reuters

KAZUHIRO NOGUCHI, Nikkei staff writer

NAGOYA, Japan -- Toyota Motor is set to issue $1.5 billion in sustainability bonds on Thursday, using the money to support environmental and social projects such as developing electric vehicles and new safety technologies.

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