© Reuters. FILE PHOTO: The logo of Nissan is seen on a car ahead of a news conference at Nissan’s Sunderland plant in Sunderland, Britain, July 1, 2021. REUTERS/Phil Noble/File Photo
TOKYO (Reuters) – Japan’s Nissan (OTC:) Motor Co has signed a 200-billion-yen ($1.44 billion) green loan agreement to fund zero-emission mobility investments, the automaker said on Wednesday.
The syndicated loan was arranged by Mizuho Bank and MUFG Bank with contract periods of five and seven years, it said in a statement.
The funds will be used for research and development of zero-emission vehicles, components for electric vehicles, and other carbon-neutral initiatives, Nissan added.
($1=138.5700 yen)
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