Toyota Leasing issues B2bn green debenture

Toyota Leasing issues B2bn green debenture

Toyota Leasing (Thailand) Co (TLT), the country's largest automotive leasing company, successfully completed the book-building process for its green debenture offering last month under TLT's 130-billion-baht medium-term note programme.

The two-year, one-month debenture sized at 2 billion baht is fully guaranteed by Toyota Motor Finance (Netherlands) B.V., a company rated A+/A1 with a stable outlook by S&P and Moody's, respectively.

This issuance is the first green debenture transaction for the company and the first for the leasing sector in Thailand.

The proceeds are for financing and refinancing TLT's selected hybrid vehicle portfolio. The eligible category for use of clean transport aligns with the Green Bond Principles 2018.

Sustainalytics, a second-party opinion provider, expects the eligible category to contribute to the decarbonisation of road transport in Thailand and advance the UN's Sustainable Development Goals in line with Toyota's path to a low-carbon future known as the "Toyota Environmental Challenge 2050".

Both TLT and Toyota Motor Finance (Netherlands) B.V. are subsidiaries of Toyota Financial Services Corp, which is a wholly-owned subsidiary of Toyota Motor Corporation, the group's parent company.

This green baht debenture was assigned an AAA rating by Tris Rating. The debenture was structured to fulfil the company's commitment as a regular issuer in the Thai debt capital market.



Do you like the content of this article?
COMMENT

US to lift curbs on Nov 8 for jabbed travellers

WASHINGTON: The White House on Friday announced it will lift travel restrictions for fully vaccinated foreign nationals effective Nov 8, at land borders and for air travel.

15 Oct 2021

Teacher accused of sexually abusing boy since 2018

The family of an 11-year-old boy has accused a male teacher at an all-boys school of sexually abusing the child for three years.

15 Oct 2021

Labanoon frontman joins Democrats in Narathiwat

Labanoon lead singer and guitarist Metee Arun has entered politics by joining the Democrat Party as a candidate for Narathiwat in a decision that has put the future of the popular rock band in doubt among its fans.

15 Oct 2021