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.
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.
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