Toyota to issue ¥60 billion in bonds

Kyodo

Toyota Motor Corp. will issue ¥60 billion in corporate bonds on June 6 to fund development of next-generation environmentally friendly vehicles, company officials said Thursday.

The amount includes ¥40 billion in three-year bonds and ¥20 billion in 10-year bonds, the officials said. They will be the first corporate bonds issued by Toyota since September.