Toyota Financial Follows Up A Green Bond With A Diversity Bond
Oct 3, 2014 9:55 AM ET
Toyota Financial Services recently issued what it called a “diversity & inclusion” bond, the latest in a series of issues that also included what the company said was the auto industry’s first “green” bond.
What made the recent $350 million bond issue a “diversity & inclusion” bond was that Toyota Financial Services hired minority- and women-owned businesses as the lead underwriters.
What made the $1.75 billion green bond “green” was that the proceeds were to be used exclusively to fund consumer loans and leases for “green” vehicles that get at least 35 mpg or the equivalent for battery-powered cars.
Continue reading the original article about Toyota's diversity and inclusion bond on Forbes >>
Original source: Forbes
