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Volkswagen is the latest carmaker to tap the red-hot green-bond market to fund its EV ambitions

September 16, 2020

Via: Fortune

Volkswagen AG is making its green-bond debut, about two weeks after Daimler AG, as automakers tap socially responsible investors to help pay for the hugely expensive shift to electric vehicles.

The maker of VW and Audi brand cars is offering two euro bonds maturing in eight and 12 years, according to a person familiar with the offering, who asked not to be identified because they’re not authorized to speak about it. The company, which is one of Europe’s largest corporate borrowers, introduced a green-finance framework in March, just as coronavirus upheavals shuttered bond markets.

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