• SHARE

Honda Motor Co. raised $2.75 billion (¥318 billion) in bonds meant to benefit the environment for the first time, joining its competitor Ford Motor Co. in tapping the booming world of sustainable finance to fund a transition to electric vehicles.

The Tokyo-based automaker sold dollar-denominated green bonds in three categories, according to a person with knowledge of the matter. The longest portion of the offering, a 10-year security, yields 1.12 percentage points above Treasurys after an initially discussed level of as high as 1.4 percentage points, said the person, who asked not to be identified as the details are private.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)