Toyota gets green loan in Mexico

Toyota gets green loan in Mexico

Loans Debt Mexico Japan ESG Green Finance

Toyota's financing division in Mexico has borrowed MXN4.5 billion ($225 million) from the local branch of Spanish bank BBVA to fund loans for hybrid vehicles, the lender said in a press release on Thursday. Toyota Financial Services México can use the proceeds from the five-year loan to finance the purchases of 8,600 vehicles, which would result in a reduction of roughly 9,266 tons of carbon dioxide emissions per year, BBVA México said. "This operation is, so far, the largest that we have carrie

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